Ann: Exploration Update - Exceptional Intercept, page-123

At yesterday’s presentation SL seemed quite confident that NN joins up to 4P and WW at depth. Not sure why he is so confident but he obviously has a. Lot more knowledge than we do. Anyway I agree with this comment from Barry but also suggest that if Sly Fox ends up being another NN we may be looking at 5m+ Ozs.

“Tantalisingly, the deeper drilling at Never Never suggests a broadening of the shoot at depth and a possibility of a link up with a shoot being defined below the existing Gilbeys open-cut.
If that were to prove up, the current estimates of Never Never potentially being a 1.5 million ounce find could change to discussion around the potential for 3-6 million ounces. Still early days but one to keep to an eye on.”

As one poster knows on the SPR thread I was in AZS early and did a lot of research on it posting it all and did very well financially as did many AZS shareholders.

SPR has the same feel about it as AZS did before it really took off - there was a build up in the AZS SP from 22c to about 60c to 80c and then the SP really want to the races. There was no real hype in AZS until it went to the 60c to 80c level. The hype has not hit the SPR SP yet (eg not really that many posters on the SPR thread). Gold stocks are still, despite recent prices rises, very much out of favour, quite a different background to AZS when they discovered a monster lithium deposit.

If I am right shareholders will be a lot richer from SPR in a year or two. We wait patiently for more drill assays. Many people in mining say that fortunes are made from the drill bit. So SL drill bays drill and ignore those clowns who just want this to get into production.