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5.48%

81.8¢ spartan resources limited

Thanks for taking the time to answer, and also for your mining...

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Prisoner24601

2,806 Posts.

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10/04/24

21:02

Post #: 73285147
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Originally posted by speculator101: ↑

Hey Prisoner,
If I can keep it short...
GCY of old should indeed not have built the plant for the deposit they had at that time... cost me a lot of money, opportunity cost, trust and time.
In any case, what matter now is what is profitable. The days of old when producers focused on the amount of ounces above everything else are gone, the new mantra is profitable ounces. Simple as that.

To fill the mill at 2.5mtpa, they would need a large amount of open pit ounces, which... yes the Gibley's pit has, but... to access them would require a large cutback (GCY planed to do Stage 3, at a cost of $80m... my guess is it would be double that now).

Far better for SPR to focus on profitable ounces, hence, the focus on U/G ore sources. Not sure if you follow the likes of WGX, but, they only operate U/G mines and fill their 4mtpa processing capacity (with some stockpiles too). Large tonnage U/G mines are quickly becoming the mines of choice because you simply don't have low strip open pits anymore (of scale is key).

The above on scratches the surface for a real answer, but I hope it helps as a starting point.

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Thanks for taking the time to answer, and also for your mining analysis across various stocks.
Much appreciated.

SPR Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 81.8¢		Change 0.043(5.48%)		Mkt cap ! $902.9M

Open	High	Low	Value	Volume
79.0¢	84.0¢	79.0¢	$3.998M	4.915M

Buyers (Bids)

No.	Vol.	Price($)
21	94590	81.5¢

Sellers (Offers)

Price($)	Vol.	No.
82.0¢	171232	13

View Market Depth

No.	Vol.	Price($)
17	92636	0.815
29	222012	0.810
10	59187	0.805
9	172277	0.800
7	406576	0.795

Price($)	Vol.	No.
0.820	186764	15
0.825	39550	8
0.830	71738	9
0.835	32884	5
0.840	69891	7

Last trade - 12.34pm 13/06/2024 (20 minute delay)


Last 83.8¢			Change 0.043 ( 7.81 %)
Open	High		Low	Volume
79.5¢	84.0¢		79.0¢	868208
Last updated 12.55pm 13/06/2024 ?

SPR (ASX) Chart

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