The question is how much of the VG chat is already priced in.
What do people think will move the SP most, if the results from the various 2024 drilling campaigns come back positively?
My guess is that the exploratory drilling between NN and Four Pillars would create the most excitement, by suggesting the potential for mineralisation to extend across to West Winds at depth. Makes it easier to build a narrative around the scale of what SPR are finding, not just the grade, if the implication is that the discoveries “join up”.
Extending the hits down past 900 vertical metres at NN would also be a catalyst, although maybe the cost to access these ounces will take same of the gloss off market excitement. Always good to have a deposit open at depth, of course.
Bur maybe the other trigger for more seasoned investors would be discovery of broad, shallower mineralisation at West Winds and Sly Fox. That would point to the mill being easy to fill to full capacity. It would also add to the ‘gold camp’ possibilities at Dalgaranga.
All great outcomes, can we get more than one of them!?
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