SPR spartan resources limited

Next catalysts for the SP?, page-11

  1. 20,809 Posts.
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    Here’s a picture from the last quarterly:
    Only as you can see I added blue squiggles to represent water (and a label) because I assume the Gilbey’s Pit is currently holding quite a lot of it - given that the quarterly also said they had received an amended site operating license  to discharge the water from that pit.


    IMG_8805.jpeg

    And they have the mill ready for a “rapid restart” according to that report, and have also appointed Crag Jones as Chief Operating Officer, and just raised enough money to pay a whole pile of new invoices.

    And that quarterly report was three weeks back, and Craig was appointed about seven weeks back [ref] .. “to convert what we have achieved so far with the drills into planning, optimising and executing the best mining and production scenario… ”

    And you guys are talking about contractors queuing up and how some may have equipment ready to start even now?

    …. and I have a few ‘tenderfoot’ questions please;
    • How long does it take to dewater a pit?
    • Given winter traditionally brings rain (to replenish  water they have baled out?)  are they likely to want to restart mining operations from inside the Gilbey’s pit?
    • Where else could they easily start from?
    • How long does it take a good COO to generally get an operation going?
    • How long, once the mill is working would it take to produce a first sale shipment (given the gold price, it seems a smart idea to aim at realising profits asap?)
    • etc, etc

    cheers and thank you - more knowledgeable people - in advance for answering.
    Last edited by sabine: 20/05/24
 
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