Spartan Resources, page-29

Thanks @plough. WRT "finding other NN analogues will be quite a bit harder IMHO":

Nothing really new here, but the key question for me in terms of taking some profits now or not from the 10c bottom (although I'm a long way from actual profit still to be clear!):

What evidence is there to allow us to decide the probability that they will prove up a high chance of one or more high grade Gilbeys feeder structures like NN?

- I'll ignore SL's optimism given that's his job as CEO to ber bullish
- I'll give credit to the Bridge analysis for the detail but low value as proof it will all pan out
- Extraordinary proof is needed for an extraordinary claim that the NN lookalikes are there given how rarely these finds are made (which I think is your point)

> The Mag survey visualisations sounds positive but we haven't seen it yet and I would give it low value as proof, more like a great prospecting tool
> The narrative that the Gilbeys main pit had to be fed from somewhere is nice but again, low value to me

However, I'm holding for now because:
a) NN exists which shows the geo setup is constructive in the area
b) If the historical drill hits up the north end of the main pit were released as new fresh results today, I think the market would see them as a stronger indicator that there is actually a structure there.
c) If they release a handful of high grade hits around there in the next month, with analysis showing the rocks are similar to the NN composition and slightly deeper with visualisations showing they are clearly distinct from the Gilbeys strat structure, then market FOMO for the next big thing will seriously kick in - so far it's all still relatively small scale.