SPR 1.11% 89.0¢ spartan resources limited

Ann: Exceptional new thick, high-grade intercepts, page-173

  1. 33,480 Posts.
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    "Does a 780-million-dollar EV sound overvalued?"

    Well when you put it like that "300M per annum cashflow " it does look cheap still.
    guess will need to spend more than $40M CAPEX before any cash comes in unless they first mine the open cut of NN so maybe that hurts the EV ?

    Another issue is substitution , we are not the only game in town so will punters like @BullishBearish and even Delphi be more inclined to invest in other discounted gold developers ,given the whole sector has been sinking for a while ?
 
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