SPR 2.35% $1.53 spartan resources limited

Ann: $25 million Institutional Placement, page-80

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  1. 34,273 Posts.
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    If they are to process the higher grade NN ore then They need to put in a decline (or shaft ) first , no announcement of that proceeding .
    Maybe wise to hold off development a bit as the bigger it gets underground the more changes to a a mining plan ie direction of drive or shaft to the highest grade part of the ore body , for early cashflow and to form underground drill platforms to find more mineralisation will occur.
    I am guessing as a rooky , the flexure zone happened maybe a billion years after the initial mineralisation and is a non even as far as OVM overall just shifted the ore sideways over a slip fault , Be interesting if there are analogue deposits with flexure zones to compare this to .
    Maybe its kama , I seem to do pretty well with stocks over 25 years (which can be verified ) without having to resort to putting one over anyone , maybe that is naive but I can sleep soundly with nothing on my conscience or being worried about ASIC , at least from a financial perspective .
 
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$1.53
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