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I am biased but I think if SFR followed through on MOD and ADT...

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binwood

7,151 Posts.

2294

28/03/19

11:39

Post #: 37912151
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Originally posted by Cashmeoutside ↑

You get the feeling MOD mgmt would like SFR onboard as a partner to help with the financing and mining of T3 but they’d like to stay on and explore the land package. SFR were clearly not willing to do a deal in this form, hopefully they can find something mutually agreeable or some other suitable financing without SFR. There’s not many Cu projects with such a low capital requirement.

SFR will have capacity at around $600-$1000m to both buy a project and fund the capital, they could effectively do that with A$450m here $250m capex, $200m acquisition), I can’t think of another project that they can afford and that helps them maintain their production profile. Degrussa is out in 2022 on current mineplan I believe and T3 looks to be coming online early to mid 2021.. perfect timing.

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I am biased but I think if SFR followed through on MOD and ADT they would have an awesome project pipeline and could probably do both within that $600-1,000m range.

Obviously ups their country risk but it would keep them well in the frame as a serious company.

MOD Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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