Sandfire Resources America Inc V.SFR

Alternate Symbol(s): SRAFF

Metals & Mining Industrial Metals & Minerals

Sandfire Resources America Inc. is a Canada-based mining exploration and development company. The Company is engaged in the acquisition, exploration, and development of resource properties. The resource properties are located in the State of Montana in the United States. The Black Butte Copper Project is located north of White Sulphur Springs, the project’s property includes the Johnny Lee Deposit, which contains a copper. The Black Butte Copper Project is an underground mine. The Company is an 86.9% subsidiary of Sandfire Resources Ltd.

TSXV:SFR - Post by User

Sandfire Resources America Inc

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Comment by tictactoe111on Nov 02, 2006 2:43pm

156 Views

Post# 11604737

RE: 8.5 cents!... 604,000 traded...

Well it looks like a breakout on decent volume. By chance I read the last report the company issued about an hour ago and the situation was pretty bad, appalling in reality, in respect of funding so i'm guessing 'if' this is over and above just speculation they 'may' have got the funding sorted. At the moment my investment is small but I shall continue to watch with interest for further developments. If they have managed to secure funding or a cashed JV then the stock would go bananas because the existing value is for fire sale via administration. It's still a big 'IF' though.