Ann: SFR: Doolgunna Project Exploration Update, page-36

The grades are fantastic. But the RC holes do tend to make this a bit less than spectacular due to lack of continuity. But that's just a matter of nutting out the structure in the area and figuring out if there's more folding, etc, versus just tram tracks stratigraphy.

I do wonder whether the SFR boys have figured the rocks are dipping NW when they aren't, and drilled under a supposed NW dipping sheet/shoot that is perhaps more vertical? I dunno, but the fat lady isn't singing on this yet.

Or it could be more like Forrest and WNW-striking fault.

As for why SFR is on the rise, well they are more than just DeGrussa. They also have Black Butte, which will replace DeGrussa as the major money-spinner.

Re: Merv's ponderings as to why SFR avoids a halt due to the Monty transaction, well it's obvious that SFR is more than just Monty. It would not be considered to be a massive material transaction for SFR with its market cap and its production profile, vs TLM which has....stuff. It would be considered more of a disadvantage to the fair trading of SFR to go into a halt over Monty and TLM than it would be to continue trading over something that doesn't materially change the company's prospects and is, to be fair, more or less expected.