All valid views above on SPR SP catalysts.However, in addition...

All valid views above on SPR SP catalysts.

However, in addition there is one more which may be much more significant for SPR. Ever heard the saying a rising tide floats all boats - well that will particularly apply to SPR with such a quality resource.

Pierre Lassonde and Rick Rule late last year stated gold mining stocks are very under valued and the former stated they are 50% under valued (ie fair value is double the then share prices).

Roll forward 6 months and what do we see - POG up by 21% or $US418 and GDX by only 29% (see charts below).

But gold producers profits at prices this quarter to date will be up by circa 80% to 100% compared to the last quarter of 2023 - but gold miners SP only up by 29% - a total disconnect. That is gold producers are even more under valued now then they were 6 months ago compared to the gold price.

I have been carrying in about this disconnect for a while but seem to get ignored by posters. As Pierre Lassonde in a very recent podcast stated once the June and September 2024 quarterly profit results come out the share market will take notice and gold mining share prices will go a lot higher by end of 2024. Potential upside of at least 50% in 2024 and over 100% in time as gold miners are priced more at fair value which would mean a SP increase of well over 100% unless POG falls back a lot but almost everyone is expecting POG to go much higher than $US2,400.

SPR will see its SP rise as the SP of gold producers rise and SPR may even see a higher % rise than producers (developers and explorers are even more under valued than producers - have seen this comment from a few commentators over the last 6-12 months).