With SPR, it's about the high grades, consistent thickness, the modern plant and necessary production infrastructure sitting right next to a brand new, high-grade orebody, and the $93M cash and liquid assets that are funding it all. Much as I would like it to be otherwise, I am afraid you are not comparing eggs with eggs. Grade is king. Cash is king. An existing, ready to re-start plant is king. Spartan looks bullet proof.
However, Minyari does have strategic advantage wrs to the Telfer Mill, there are near-surface higher grade zones open at GE01, and crucially in my opinion, Parklands could be a complete game changer, if / when it is drilled.
And you HAVE to keep drilling your best shots, or you will never do what Spartan have done.
And time and again:
'Where is the best place to look for your next orebody? Right next to the one you have already got!!'
Vide Minyari (GE01), and Telfer (Parklands). So let's keep drilling where we're drilling, because that is our best chance to repeat exactly what Spartan have done.
SPR: Long Section of newly discovered 'Never-Never' orebody.
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