SPR 10.7% 98.5¢ spartan resources limited

Ann: Exceptional new thick, high-grade intercepts, page-170

  1. 33,487 Posts.
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    No one knows , nothing goes up for ever , I am sure at 12 cents none of us imagined it would go to 80 cents in 15 months but NN kept getting deeper with over 1200 OVM .
    My guess is we have gone from being valued on blue sky value of NN by speculators , to being valued by mid cap goldies on some blue sky and reasonably sound metrics on how much cash the project can throw out over the next 10 years ( quasi NPV) .

    For value, Keep hitting more Peppers and it will keep going up as the mill has the capacity , do not hit more Peppers the blue sky value falls off and so does the share price and endogenously its solely valued on the next 10 years cashflow (probably not discounted) .
 
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