Sandfire-SFR--anyone watching?

[whatsup]

Check out SFR , great Cu grades so far.

[Huang Chung]

Hmmmm, 100m shares or in the money options means a market cap of around $55m.

Seems a bit excessive in this market, given the limited nature of the drilling to date. Market cap is in the same ballpark as Discovery and Intrepid (after cash at bank is taken out).

Maybe some day this will be warranted, but I think the market is getting a bit ahead of itself right now.

[drillfix]

Maybe some day this will be warranted, but I think the market is getting a bit ahead of itself right now.

Agree HC, certainly has taken off like a greyhound.

Anybody have any of these when they were -10c?

Good luck to holders.

[Huang Chung]

Hmmmm, 100m shares or in the money options means a market cap of around $55m.

Seems a bit excessive in this market, given the limited nature of the drilling to date. Market cap is in the same ballpark as Discovery and Intrepid (after cash at bank is taken out).

Maybe some day this will be warranted, but I think the market is getting a bit ahead of itself right now.

8m at 27% (that's right TWENTY SEVEN PERCENT) copper.

Oooooh, I'm feeling ill......

http://www.asx.com.au/asx/statistics...idsId=00969675

[whatsup]

Another 21.35m of massive sulphides from the 3rd diamond drill hole today, assays awaited , gee from .10 to $2.00 in 3 months WOOOOOOW!!!

[Huang Chung]

It was pointed out to me today that Fox Resources had a similarly rich find a while ago. This evening, I've worked out that they must have been referring to Fox's West Whundo find in 2004. Reading a few of the announcements since seems to be indicating that in parts, it was massively rich, but not overly large. They don't even seem to mention it any more in their quarterlies, but I haven't found anything yet to suggest it has been tapped out - still looking.

Anyhow, each deposit is different I guess, but an interesting exercise all the same.

[whatsup]

Keep up the good work H C re Fox West we await your further info.

[Ponda]

Good ann today with massive potential within their permits. Could be more out there but...... DYOR

[Ponda]

And it's having a rise again today. This one is all over the place and must be good for a trader.

Discl: Hold SFR

[soulman]

Not looking to offload Ponda? Trader having a field day but this stock is looking a bit lopsided in the short term but big upside potential in the LT.