Hopefully Simon had a good first presentation for 2025 after his...

Hopefully Simon had a good first presentation for 2025 after his well deserved break (I am happy enough to wait for the presentation on the 13th to be available by the good crew at RRS).

A few interesting details, though of course, SPR is sort of like a sprinter that has only just started a new race... which means other than it's 'launch', there is not as much to discuss yet, because we need to get into the middle of the race to really have commentary, or in this case drill results.
As I ponder it, I guess SPR is now in a sprint, because.... I think at this point, almost everyone has surely come to the conclusion that it's just a matter of time before RMS makes it's move (not predicting what the eventual outcome will be yet).



Planned drill holes for Freak and a few more question marks, which for me are small signposts that the Geo team are excited not just about fleshing out FP, West Winds, Sly fox and Freak, but new targets (let alone the targets further afield, but within the 'radius' of the plant).

Just have to admire the core production of Pepper....



Looks like they have finished the Southern end of the decline and hopefully that means the U/G rigs can soon start drilling both West Winds and Four Pillars, and in turn above Freak, Pepper etc. U/G drilling to commence this quarter.... I can only imagine how hard everyone is working to get this underway.



When I look at the details of how they planned to spend the capital raised in Dec, I don't see any glaring changes, just tweaks and... perhaps an expansion of the amount of planned drilling. I just love the idea of 180,000m of drilling. Perhaps some posters on HC don't read the details though..... "underground development in CY25/26 - including first ore & multiple development levels"

This is quite literally a company developing it's main deposit (with I expect, news to come regarding the paste plant and plant upgrades). SPR is spelling it out for those who are looking.



SPR is now back at the capital raising price... which RMS was happy enough to buy at

What a time to be in the sector, to be in a company like SPR with the discoveries it's made.

Feeling pretty luck to be onboard and I wish the whole SPR team a great year ahead, come what may.