Sandfire, page-18

Agree. Metal Tiger as a main shareholder would want a higher price than 50c per MOD share I'm very sure, even with a continuing 30% share of the exploration.

The SFR move was highly opportunistic IMO and they would have done better to keep their powder dry until after the DFS and hopefully more drill results from the nearby satellite deposits at least.

It is highly probable other potential bidders are watching and waiting to see how much resource could be added to the known + estimated resources to date. Several majors have made site visits in the past. Sprott is showing increasing confidence in the project as it adds to its MTR investment.

If SFR walk away from the table then all well and good. Majors with deeper pockets also have great need for district scale copper deposits in stable jurisdictions, so the professional Tshukudu project will be highly attractive especially as Cu demand increases, the red metal price rises and projects like this Kalahari exploration become as rare as hen's teeth.

Early days  yet.