Australia's largest stock trading and investment forum Australia's #1 stock forum

SPR

Click for more information

9.03%

84.5¢ spartan resources limited

Still hard to believe it’s that close to NN, similar...

First 92 Last

Share
Profile

Follow
Prisoner24601

2,808 Posts.

519

21/04/24

18:51

Post #: 73446148
Share

Originally posted by triage: ↑

Prisoner - yes, agree, still positive vibes for Spartan.

But just on your Point 2: you indicated: "The high grade hit at Pepper, ... , suggest its is either an analogue or an extension of our main deposit."

My interpretation of Simon Lawson's quoted comments in the announcement of 16 April is that his geos think they have worked that out already.

SL described the area around Never Never as being like a sheet of corrugated iron with Never Never being one plunging trough of high grade mineralisation and Pepper being on an adjacent plunging trough. I take that as saying Spartan's geos now think that Never Never and Pepper are parallel but separate shoots of high grade material and in between them is only lower grade mineralisation.

So, finding a new high grade shoot in Pepper is good, really really good, but it seems it is not "exponentially" good as it would have been if Pepper was part of a high grade continuum between Never Never and Four Pillars.

Expand

Still hard to believe it’s that close to NN, similar mineralisation and grades and somehow is discrete from its big brother.

Last edited by Prisoner24601: 21/04/24

SPR Price at posting: 65.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 89 more messages in this thread...

First 92 Last

Add SPR (ASX) to my watchlist

(20min delay)
Last 84.5¢		Change 0.070(9.03%)		Mkt cap ! $933.3M

Open	High	Low	Value	Volume
79.0¢	86.0¢	79.0¢	$7.628M	9.228M

Buyers (Bids)

No.	Vol.	Price($)
1	5000	83.0¢

Sellers (Offers)

Price($)	Vol.	No.
84.5¢	38342	3

View Market Depth

No.	Vol.	Price($)
1	5000	0.830
1	100099	0.825
3	100000	0.820
3	76375	0.815
2	51851	0.810

Price($)	Vol.	No.
0.845	38342	3
0.850	9000	2
0.855	123566	1
0.860	61627	2
0.865	62068	1

Last trade - 16.10pm 13/06/2024 (20 minute delay)


Last 84.5¢			Change 0.070 ( 8.78 %)
Open	High		Low	Volume
79.5¢	86.0¢		79.0¢	1828273
Last updated 15.59pm 13/06/2024 ?

SPR (ASX) Chart