SPR 3.20% $1.06 spartan resources limited

Ann: Drilling hits visible gold over 1km deep below Never Never, page-40

  1. 1,829 Posts.
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    SL never said Sly Fox was high grade.

    His so-called 'hyping' was:

    a) his mineralisation information at SL suggesting that the SF was another NN lookalike, like FP and WW (that's what I took from it)
    b) he said he would like to say it is a much bigger ore body that they thought, which it looks like it is, but early days.

    A few poeple here did some analysis and said maybe that means it is high grade and a few of us said it may not be and it doesn't need to be. Turns out it probably isn't but too early to talk about actual grades in the probably longer strike SF yet.

    IMHO @speculator101 got it right - big run up and due a cleanout on any news that makes anyone pause for thought at all.

    That deepest hole is amazing at NN. Hitting the orebody from a million miles with a dart.

 
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