SPR spartan resources limited

Ann: High-Grade Pepper discovery extended, page-84

  1. 7,032 Posts.
    lightbulb Created with Sketch. 2825
    so what exactly are they going to spend $300m on to restart production. They will already have:

    - a very well maintained $300m mill/plant
    - the decline will be finished

    Sure they will have to buy some mining equipment like jumbos, Etc but that won’t make much of a dent in $250m. They will need some working capital and cash for drilling but unlikely to go over $50m.

    No idea why you think it’s going to cost $250m to restart production.




 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.