SPR spartan resources limited

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albatrosss

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06/09/23

17:35

Post #: 69758402
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Originally posted by sabine: ↑

Oops to my randomly unreliable number skills ( yet again) ..
Thanks jbad94
Mill/plant worth more than $200m according to Simon yesterday
“Spartan’s other big advantage is the well-maintained infrastructure at Dalgaranga, particularly the 2.5Mtpa processing plant.
“The replacement value of the plant is somewhere north of $200m and in terms of time frame, it would take you two years to build this kind of plant because of the lead time on equipment – particularly the power station, mill and crusher, which are very long lead items,” Lawson noted.
“We are very blessed to have that equipment there and we have done study work on that plant, and we’ve worked out that the Never Never orebody is actually better suited to the type of plant we have than the previous orebody.
“It’s a very much a beneficial situation to have that plant sitting there and we have people whose primary role is to ensure that every piece of that plant is being secured and prevented from corroding and we continue to rotate the mill to make sure that it doesn’t rust, keep all the greasing system working. “
He added that having the plant in place meant the company could put the high-grade material from Never Never in and produce gold at far healthier margins than the previous operation was ever capable of achieving.” (From the media thread )

And I don’t know enough about charting to argue the point properly so I won’t although I do know that even companies which are bough as shells and started up with new focus seem to carry technical karma which is either retained or wiped if the new business is able to create a better karma …
Early days here ?

cheers

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Some good points there. But as far as charting.
You can start your charting from 2023.

SPR Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
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Last $2.13		Change 0.000(0.00%)		Mkt cap ! $2.847B

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