SFR 0.83% $10.19 sandfire resources limited

News: SFR Sandfire Resources NL provides FY17 production guidance, page-20

  1. 1,571 Posts.
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    for give me if my comments seem not well constructed but I have just started to research SFR.
    Lets move past the obvious high grade great production that currently exist.
    Since the company started mining degrussa apart from adding to the degrussa vien resources it appears they have struggled to add any decent finds at all........despite poking thousands of hole in the ground......obviously I understand that's what prospecting is all about but for the likes of the Monty claim they have been drilling holes like rabbits for well over 12 months and have only hit a very modest amount of pay dirt........not to mention other failure over the last few years.
    I like the company(who wouldn't when they are profitable with the current low copper price) but having them not add to resources for extended periods of time given the big drilling effort and the current life on mine is only 6.5 years is somewhat unappealing.
    Also given they are investing in a venture in the US may indicate a distinct lack in confidence in mining going forward in there own back yard.
 
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