So far this year, copper miner SFR has consolidated its strong gains through 2025, which we regard as bullish considering the headwinds from the US-Iran war on the industrial metal. With copper again threatening to break out on the upside, we believe it’s a matter of time before SFR tests/breaks its all-time highs.
- We like the risk/reward towards SFR around $19, targeting a break above $22, or 15-20% higher – MM holds SFR in the Growth Portfolio.
MM is long and bullish towards Sandfire around $19
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