SPR spartan resources limited

Ann: Dalgaranga Gold Project - Mineral Resource Estimate Update, page-235

  1. 213 Posts.
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    Spartan has a market cap today of $1.411 billion.
    Ramelius market cap meanwhile is at $2.163 billion.

    MZ says Spartan has quite a way to go yet and is in the early stages of development, and that he is happy with the investment. He's playing a dead hand to everyone.
    The time is running out for RMS to make a takeover and Simon has the box position to drive the purchase price upwards if indeed that is the end game.
    More than likely though it may be a merger. How that plays out we are yet to see but you would have to think that the board will be looking to value Spartan at circa $1.50. How could it be any less than that.




 
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