One obvious reason the downturn for the SP in the Lassonde curve is it can take a few years (eg 2-3) from the FS to production to build the plant and mining infrastructure, etc and during that time there is little or no news ( ie no drilling results that result in any significant upgrade to MRE, etc) to push the SP higher only just updates on building the plant and mine. That is no catalyst for a higher SP - hence investors go elsewhere for SP appreciation.
It will be very different for SPR given plant already exists and only needs small enhancements/modifications, tailing dam exists, other infrastructure in place, the decline from which mining takes place will be in existence, etc. They will need underground mining equipment, a paste plant, etc and mining staff, etc, we may only have to wait 6-12 before production starts and during that time they may even do a lot more drilling assays in new areas. That is the Lassone curve is far less applicable to SPR.
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$1.37 |
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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38 | 91099 | 1.370 |
13 | 128710 | 1.365 |
14 | 137515 | 1.360 |
10 | 130944 | 1.355 |
7 | 62771 | 1.350 |
Price($) | Vol. | No. |
---|---|---|
1.375 | 75069 | 45 |
1.380 | 80365 | 22 |
1.385 | 18673 | 4 |
1.390 | 29160 | 5 |
1.395 | 12836 | 3 |
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