SFR 0.29% $10.21 sandfire resources limited

Quiet achiever - SFR 29% up the last couple of months., page-9

  1. 450 Posts.
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    If you go back through SFR Annual Reports you'll see they have spent $20M every year on exploration so have probably pumped $200M into the ground up there and have turned up very little, only Monty, which doesn't cover that expenditure. In someways DeGrussa has been a social exercise, they have produced well over 500Kt of Cu to date and only returned 63c in divvies, about $100M, the original DFS had operations to 2019 returning an NPV of $1.3B, it was barely worth the effort IMO.

    Tubber
 
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