IMHO, at current prices no. At $8.50...maybe.
This is a project that has significant margin and great exploration upside. Grade is king in the mining game, and a short mine life shouldn't be seen as a negative. On a PV basis, mining a reserve over 5 years is better than mining that same reseve over 10.
Do I want to see the mine life extended, yes! But this will take time, as all exploration does and I think SFR is on prime land to do so.
And from the reading I've done, a significant proportion of their drilling has been sterilisation drilling. Cash must also be an issue, as until the Company is in production I would think funds are better spent on getting into production.
IMHO, at current prices no. At $8.50...maybe.This is a project...
Add SFR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.42 |
Change
0.160(1.94%) |
Mkt cap ! $3.851B | |||
| Open | High | Low | Value | Volume |
| $8.41 | $8.50 | $8.30 | $14.67M | 1.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6679 | $8.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.44 | 2750 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SFR (ASX) Chart |