SPR spartan resources limited

Ann: Completion of Sale of Glenburgh and Egerton Projects, page-13

  1. 3,553 Posts.
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    "I did find it interesting to see MI6 buy the Bullabulling asset for $166m... or $74 an ounce (a lot higher than the $18-30 per ounce SPR got from BNZ). Glenburgh is on a mining lease just like Bullabulling. Anyway, it's done now)."

    Spec,

    We now own 15% of BNZ and they now have quite a few juicy gold projects including Glenburgh.

    BNZ's market cap goes bang, SPR will make far more than if they sold it via ounces.

    I think it's a really calculated decision by SL and his crew.

    P
 
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