SFR 3.25% $8.89 sandfire resources limited

For a silver explorer, no, not particularly. But as a by-product...

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    For a silver explorer, no, not particularly.

    But as a by-product of the copper extraction - yes it is VERY good. Check Cupric Canyon who did a very nice silver streaming deal, all be at much lower prices - ouch. The way the price of silver looks to be heading it could still be extremely profitable for Sandfire - and by extension Metal Tiger who retain there 2% NSR over the licence package in both Copper and Silver.

    The interesting bit about the geology is beneath all these targets is the NPF contact and as Michael McNeily - MTR CE - recent pointed out in an interview once the pits have been dug at T3, A4 etc etc underground mining of the NPF is much more straight forward.

    Looking forward to the maiden A4 resource estimate, hoping it will be larger than T3.. Pressure is very much on for KS.
 
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