SPR 4.26% $1.24 spartan resources limited

Ann: More strong drill hits across key prospects, page-23

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    Blah Blah Blah

    Drilling Results and more scheduled presentations than Taylor Swift concerts.

    SP suggest no-one cares anymore as we all know how big this monster will become.

    Interesting to note that Bellevue Gold in a Macquarie Presentation in May 2022 pointed out that

    " Single asset development companies experienced on average +163% share price appreciation between announcing construction and reaching commercial production."

    BGL has increased its MC by 255% to appx $2.2billion from around $850million (since announcing construction).


    BGL kicked of with a 1- 1/12 million ounce resource with upside to 3 miillion significant borrowings of $200million and hedging of 200,000 oz at around $2600.

    Apart from the level of debt and hedging and current MRE (which will likely grow to at least equal BGL's) SPR is in a similar postion to where BGL was prior to pushing the go button.
 
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