I suspect the biggest beneficiary of any future friendly bid by Ramelius for Spartan … will be our Gorilla’s
There is going to be a mountain of cash profits looking for a new home in the next very well managed, technically competent, high grade, underground WA Eastern Goldfields play
(remember Simon Lawson is on the Gorilla Board)
Gorilla has 4 quite incredible stand alone historic high grade gold projects … none too dissimilar to the early days of Spartan
the major shareholders of Spartan must fully understand the quiet revolutionary changes happening in WA goldfields - new survey techniques - deeper and better drilling - underground resource drilling (35% of cost of drilling from surface) - narrow.vein mining designs and AI on cutoffs etc - new efficient hydraulic underground mining equipment - etc, etc
I am expecting a Maiden Resource Estimate (MRE) to be released by Gorilla sometime next week
We could also see more high grade results from their other projects land at ASX anytime
60 to 80 cents my next short term target
GG8 Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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