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$10.27 sandfire resources limited

METALS-Copper slides as Chinese demand worries resurface, page-13

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rock_sniper

56 Posts.

04/04/17

09:31

Post #: 23833614
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Originally posted by Shady Merv ↑

So, where should SFR be acquiring ground IYO?

Last year it expanded south into the Yerrida Basin and, I suspect, looking for sediment-hosted copper and also perhaps thinking that the deep N-S structures that may have fed DeGrussa on the one hand and Monty on the other have also fed yet-unknown deposits to the south.

It also expanded west in the Bryah Basin looking for more VHMS cu/au I suspect.

Both areas are part of the Capricorn Orogen I believe.

Where else should it go?

Expand

The terranes they are in are good, but these are vast areas and deposit footprints are tiny in comparison. They key is developing a solid understanding of the fundamental structures to focus exploration efforts. Our understanding of this keeps changing as more work is done so companies like SFR need to keep their finger on the pulse when it comes to work coming out of the survey and universities.

SFR Price at posting: $6.39 Sentiment: None Disclosure: Not Held
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0 Great analysis

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