Strategic D-Day approaches for Sandfire

WITH time ticking down on the bountiful DeGrussa copper-gold mine, investment bank Citigroup sees the board at Sandfire Resources having to soon make decisions on the strategic direction of the ASX-listed company.

Strategic D-Day approaches for Sandfire Strategic D-Day approaches for Sandfire Strategic D-Day approaches for Sandfire Strategic D-Day approaches for Sandfire Strategic D-Day approaches for Sandfire

Assuming a substantial exploration success doesn’t completely change the landscape, Citi estimates Sandfire could have A$811 million cash (plus franking credits) in four years as the current mine life