whats sandfires next move

It’s obvious that if THX are successful in finding a major ore body below Red Bore that SFR will move to secure the deposit to extend their plant life.

The question therefore is when do they move? Before or later?

THX even at today’s market price its attractive with early promising results at Red Bore and a lot of blue sky potential with their other exploration targets scattered throughout Western Australia and the Northern Territory.

SFR have made their intentions clear that they want the lion share of the doolgunna copper field with the JV’s with Talisman and Ventnor Resources. “thaduna”

The reported results of the Curara Well prospect by THX has shown potential, with a 10km strike of the Jenkins fault. There latest drilling report on the 13th May 2013 showed potential of a hydrothermal vent (black smoker) within their claims.

If SFR were to move now IMO they would probably have to bid around the 20 cent mark with a swap of script. Say 1 SFR for every 30 THX shares. They would only have to increase their share capitalisation by about 10 million shares.

The benefit for THX shareholders would be to give them a stake in the whole Doolgunna area, plus stability in a producing company with added blue sky on THX other projects.

Further drilling results by SFR that the big one is on Red Bore will give their SP a healthy rise.

OR: SFR wait and see if the magma chamber is below Red Bore for the certainty and then move, but this leaves the door open for the speculators or other players to take a blocking stake in THX to push the price up.