SPR spartan resources limited

Gold and macro environment, page-458

  1. 6,988 Posts.
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    POL is mainly a zinc mine (70%). ADT has over 60% in Au and Ag payables at current prices then zinc, lead, copper and Antimony. They are producing about 8 times the silver of POL and NPV after tax is 5 times as high. ADT has a 2025 forward PE of 4.4 ( yes very cheap). It has an 18 year mine life and the NPV is before they doubled the resource so the NPV is now much higher. However POL also look cheap - does not seem to be covered by any brokers.
    Last edited by calmbeforestorm: 19/10/24
 
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