SPR 23.6% $1.23 spartan resources limited

MoM discussion on SPR today from 46 mins....

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    MoM discussion on SPR today from 46 mins.

    https://www.youtube.com/watch?v=98RjtewpY7Y

    Some interesting thoughts on the table below. Unless I mis-understand their comments they suggest the mineable grade will be more like the Insitu reported of 7.2g/t ie the reserve may be lower than the reported grade of 8.65g/t or between the two of the 2 grade figures - but they note the nature of the deposit means low dilution compared to OBM deposit (and BGL). That is the reserve grade may be lower than 8.65 and maybe as low as 7.2.

    Some other comments on needing more met testing (some concerns) and RMS having a much bigger bid for a TO.

    They still seem positive on SPR.

    PS I did notice the table and different grades but did not understand the difference


    https://hotcopper.com.au/data/attachments/6331/6331982-691b3f2bac6fc90f0dd9b854dd859871.jpg
    Last edited by calmbeforestorm: Yesterday, 22:28
 
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