SPR 2.67% 73.0¢ spartan resources limited

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  1. 33,341 Posts.
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    Re TLM Would not want to bet against their Kerry Harmanis as Chairman

    Their Falcon AGG System of finding deposits seems to have very good resolution , early mover technology a little like IGO had with their "squid 18 years ago, a little too early in exploration and as a goldie for me as I seem to do very poorly with them (down 75% on WGR and WSR currently)
    I am not too keen on iron ore unless it potentially has credits , ie possibility at Whaleshark with M2R

    RTR looks interesting to me a potentially Tier one Zinc deposit 120M cap and could make a good partner for GCY in some form given RTR has the Western Queen deposit 50kms north of Dalgaranga with 2Mt @2.2 grams a tonne , makes Malville look a bit anaemic .
    To fill the Dalgaranga 2.5 MPTA mill they need ore other than from Never Never , as I feel they will be hard pressed to get more than 600Ktpa out of Never Never , given how its likely to be hard having many stopes open at one time due to the steeply plunging ore body .
    even at 600ktpa that is probably 150 meters vertical travel per year on the drive , initially so say 1.5kms of drive length , before the ore body looks to swell out .

    Would be good to get a mining engineers view on that though
 
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