SFR is a $2.5bn copper and gold producer which on the surface looks very cheap but its DeGrussa mine which is operating strongly is entering its wind down phase into 2022, the next chapter for SFR is its Motheo mine site in Botswana that is scheduled to commence operations in early 2023 plus they are in the throws of making a large acquisition in Spain called MATSA. The production ‘gap’ the market was concerned about in 2023 has now been addressed.
While this creates some uncertainty, we think this is being priced into the companies share price and we like the risk / reward around the $6 area.
MM likes SFR around $6
Add To Hit List
