Analysts at Hartleys are bullish about the prospects of Sheffield Resources , and their sentiment towards the company was only strengthened after the company delivered an upbeat scoping study regarding its Thunderbird mineral sands project.

The report featured impressive projected and estimated production and financial parameters including an initial mine life of 32 years, targeted first production in 2017 and annualised earnings before interest, tax, depreciation and amortisation (EBITDA) of $140 million.