SPR spartan resources limited

Ann: Completion of Sale of Glenburgh and Egerton Projects, page-5

  1. 35,474 Posts.
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    Objectively , is it frees up some more cash for drilling at targets within a reasonable transport distance from their current mill , rather than drilling targets that are 100s of kms away at Glenburgh ie not within truckable distance from the mill
    just like in farming , The farm next door is always worth more to the farmer than the farm far away .

    Quantifiably we are trading now far below NPV 8 which just potentially increased again because of this but would not have if we had retained Glenburgh outright
 
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