You are right about the bottom draw. That's not what I was referring to.
@triage was just asking what would happen to Roe/Rebecca if RMS merged with SPR, would RMS be better off developing Glenburgh over Roe/Rebecca. SPR has another highly prospective development project.
The Yalgoo/Singleton Greenstone Belt is one of the most underrated, under explored greenstone belts in WA. I have spoken with Simon at length about the prospectivity at Yalgoo. To say Simon is a Yalgoo fan is a massive understatement. He truly thinks Yalgoo could be another Mt Magnet. Structurally the geology and rocks along the two belts are very similar, the main difference being there was less minerally dense outcropping at Yalgoo, and Yalgoo deposits in general lay under a thicker layer of cover than Mt Magnet deposits, hence the reason why the old timers missed the likely multiple gold deposits still laying undiscovered within the Archaean Yalgoo/Singleton Greenstone Belt. The same can be said for Warriedar Greenstone belt which typically has a layer of cover between 15m to 50m deep. Many of these belts aren't considered historically significant gold endowment locations due to the old timers simply not having the tools to find the deeper mineralised zones.
SPR Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
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