SPR 4.26% $1.24 spartan resources limited

Ann: Trading Suspension, page-13

  1. nk
    3,091 Posts.
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    the mineral resource is not the basis for mining decision

    the mineral reserve is the basis and "bankable" to the extent it is "proven"

    Seasoned punters are always a little wary of indicated resources

    In this case there was a proven reserve calculated by a bloke which was used by the banks to decide on finance

    So it is the blokes work that will be scrutinised, not the lady's!


 
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