SPR 0.68% 74.0¢ spartan resources limited

I will throw Brightstar on my list, there's literally hundreds...

  1. 3,658 Posts.
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    I will throw Brightstar on my list, there's literally hundreds of gold explorers so have to draw a line somewhere.
    https://hotcopper.com.au/data/attachments/6069/6069186-1b7696f30d42f6cb0d7acdd60f52f90f.jpg
    @plough not sure which one you're referencing but I'd love to hear your opinion on WA8?
    Thats the Southern Murchison explorer I mentioned the other day.
    The project reminds me of Gilbeys 2 years ago.
    Lots of open pits along a largely unexplored 70km shear zone, nearly the whole 70 km length has barely seen a drill hole pierce below 40m depth.
    Riccardio, their largest deposit (approx 500koz) has a strike of 2.3km of which under 40 holes have been drilled below 100m.
    Current one-million-ounce resource.
    MD Amanda Buckingham (Anthony Buckinghams sister) is a world-renowned geo scientist.
    Surrounded by operating mills and CMM Mt Gibson development project.
    Recently cap raised so cashed up with 8 million in treasury.
    SPR drill contractor Top Drill is their second largest shareholder.
    Camp is reasonably close to Spartans Yalgoo tenements.
    Lots of preexisting infrastructure modern camp etc (small rusty old mill 500ktpa was last operating back in 2019, the mill is dogshit compared to our Dalgaranga mill).
    Most existing deposits have mining permits and are connected by haul roads.

    TBH I'd love to see Simon scoop up some WA8 scrip, join the board and weave his magic.
    Imagine the exploration premium with SPR as a major holder?

    WA8 currently the cheapest explorer on my list valued at a measly $10 EV per oz.
    Valued below a McDonalds meal per ounce with gold sitting at $3,420.
    Crazy!!!
    https://hotcopper.com.au/data/attachments/6069/6069202-7f8c4e8e64b02ed0cd74a231742374f1.jpg

    DYOR
    GLTAH


 
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