I believe there is a slim possibility that we may have a reserve of over 1m Oz just for NN or if not 1m Oz it will be around 900K Oz. If they declared a reserve for WW and 4P, which I don't believe they suggested they were going to declare, we would be well over a 1m Oz reserve and may come close to BGL's reserve of 1.34m Oz - if that were to happen I wonder what happen to the SPR SP? If SPR declare a NN reserve of 900-1,000K oz and no reserve for the other deposits, I wonder what that would do the the SP especially as there will be a lot more to add in future updates which would probably boost future reserve updates in the next year exceeding BGL's reserve.
Looking at the image below we may (but I am that not certain) see some indicated resources below the previous MRE as the holes seem sufficiently close towards the left of NN (ie the pink purple areas) down maybe up to 200m below the previous MRE but not across the reddish/orange area. That would be a big boost the the indicated resources - if my speculation is right we may see indicated resources close to, if not above 1m Oz which would bode will for the NN reserve.
We are waiting on 6 more holes for assays and no more holes planned. I assume we will see the results in the next few weeks and a updated MRE may be late June or early July.
Hole 1431 at Pepper was a pleasant surprise and a great result. It seems from the image that Pepper and NN join but with lower grade between them.
SPR Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
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