Ann: $25 million Institutional Placement, page-194

I really have no idea where this will be in the next 12 months or if their will be a T/O within that time. I certainly see potential of a $1B+ MC, especially if 4P, WW, ARC, INK and obviously NN continue to throw up the goodies we are currently seeing, and well if they join up together as some have eluded to, thats another story where the MC may go.

At this stage I'm not going anywhere, and would love to be here when mining commences, especially considering that I believe the grades will be a lot better than that have been quoted especially for NN due to the cut offs, so when mining commences if the POG and grades are significantly better we may see another large rerate for SPR.

GLTAH
DYOR.