Righto. CBE may be moose pasture But the big BHPs interest in Kalahari is hugely positive for SFR.
Bhp can gobble up sandfire for a 50% premium. Even with a conservative 6x forward looking Ebitda sandfire is worth 14 bucks. Put a $5 copper price in model and 8x the earningsBHP can easily justify 50% premium or even 70%
SFR Price at posting:
$9.86 Sentiment: Hold Disclosure: Held
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