This will be the 5th/6th largest volume date almost in 12months and it's move 2% on a trash market on the ASX. There's definitely interest at these levels. the "19368" package and the now 3 x 500k sell props are to eek out supply at this level IMHO.
I could be wrong but don't really care. Resource upgrade is due shortly and DFS possible a month or so from now. 6months later printing money. I mean they just hit their best intercept in the drill program - there will be even further upside with more drilling.
If they want to mark it down lower be my guest haven't exactly thrown the kitchen sink, but feel that the upgrade in the resource will underpin an extended minelife. Hopefully some improvement to the AISC too. Also no reason why a slightly higher APT price can't be used as well.
Combine all those and you've got a superlow EV with maybe 100M NPV near term FCF.
The nickel-cu-PGE and the other Ni-cu-co projects in canada aren't anything to turn the nose up at either.
SF2TH
RFR Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
