SFR 0.94% $8.63 sandfire resources limited

pfs - thoughts

  1. 707 Posts.
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    So far the PFS has not been a catalyst for a SP re-rating as I suggested the other day.
    Nothing new in this PFS from what we already knew apart from a firm reserve and suprisingly relatively large downgrades across the board on grades.
    Disappointing overall - drilling shut down recently due to weather - should have been disclosed earlier!
    Can someone explain to me how a Life of Mine Extraction of 531K Copper and 579K oz Gold over 7 years equates to production of 60-70K T Copper and only 40-45K oz Gold.
    The Copper number is correct within reason but we seem to be missing 35K oz Gold each year???????????
 
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