SPR spartan resources limited

Ann: Corporate Presentation, page-6

  1. 163 Posts.
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    If they are spelling it out then what is the date for commissioning the plant and starting throughput?

    Gold is at record highs and shareholders still don't know when we should be expecting SPR to start pouring gold bars. Yes development is happening but the company hasn't provided any clear timeframes on these key milestones. Time is money and until we are producing gold and have a source of income we are spending money that has been gained by diluting shareholders.

    The number one catalyst for the shareprice, with the exception of a takeover, in the short/medium term is moving into production. Drill results may move the needle slightly but not to the same extent as generating cash flow will. There is also the risk that as we keep drilling the results are less favourable than expected (i.e. the recent freak results). It seems that anything less than stellar drill results are already priced in and therefore the risk from a shareprice action perspective is potentially skewed to the downside if drill results were to identify that the ore bodies pinched or closed off which i hope isn't the case.

    Which brings me back to the original questions, what's the timeline to commissioning and production?
 
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