SFR 1.07% $10.16 sandfire resources limited

mine of life, page-16

  1. 11,557 Posts.
    lightbulb Created with Sketch. 154
    Ending up the way TLM has is both good and bad; 'good' that it has a share in a minable deposit that will make it money, but 'bad' in that is beholden to Sandfire in so many respects.

    Re Red Bore, I wonder what Karl S thinks of the gazumping. Concerned or not concerned!

    Anyway, the authors of 2 papers published in 2015 state that the JORC'd cu/au deposit at and near the surface (the one that Mr Richmond took THX to Court over) was/is a vhms deposit, but HQ at THX have never acknowledged that as being the position. Instead it said that was copper that had to have come from somewhere, and likely somewhere deep. It then came up with a theory that the source was probably the blob that showed up at 600ms (??) on geophysics. I never believed that the surface deposit was connected with something deep, or anywhere for that matter. Instead, it was a separate deposit (lens or lenses) that had eroded over time.

    There has never been a suggestion by me that there is no more copper below at Red Bore as there possibly is, but as discrete ore - in the form of a different lens x1, x2 x3 etc to that at the surface. Maybe there is something at depth that is either part of the original DeGrussa system or is totally separate. SFR is the right explorer to find out. I have no doubt about that at all!
 
watchlist Created with Sketch. Add SFR (ASX) to my watchlist
(20min delay)
Last
$10.16
Change
-0.110(1.07%)
Mkt cap ! $4.190B
Open High Low Value Volume
$10.35 $10.35 $10.05 $19.19M 1.890M

Buyers (Bids)

No. Vol. Price($)
2 6572 $10.15
 

Sellers (Offers)

Price($) Vol. No.
$10.18 4290 1
View Market Depth
Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
SFR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.