@speculator101
You may be right about the reason BGL has not been taken over. I notice the reserve grade is now only 5gm/t down from 6.1. NN/Pepper looks like having a higher grade than BGL maybe significantly higher, even the wider Dalgaranga looks like being higher now being close to BGL reserve grade. However, we do not yet have a reserve for SPR so maybe we should wait for the reserve grade validation. SPR, unlike BGL, applied top cuts to calculate the indicated resource, so I have more confidence the reserve grade will be closer to the indicated grade than it was for BGL (I expect it to be lower as MoM suggested).
I also believe they are reasons why DEG has not been taken out even though it is a very big deposit. Specifically maybe the financial studies were like BGL's too good to believe! I am sceptical about DEG’s real value - huge capital cost is a big turn off as is the refractory nature of the gold.
@speculator101You may be right about the reason BGL has not been...
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Last
$1.32 |
Change
0.075(6.05%) |
Mkt cap ! $1.463B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.36 | $1.30 | $9.643M | 7.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38428 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 21200 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SPR (ASX) Chart |