Found BGL growth from September 2021 presentation (note MRE has not changed much since then). To say SPR is better is just not good enough as it s..hs all over BGL growth!
It took BGL over 2 years to grow the resources from 1.04m Oz to 2.41m Oz while it took SPR 6 months to grow from 1.1m Oz to 2.4m Oz (that is SPR growth rate over 4 times as fast).SPR's rate of growth is 500% pa compared to BGL of 81%pa.
SPR needs more competition. We need to find a better benchmark to aspire than BGL as SPR is obviously better than BGL and will be so much better in many ways over the next 12-24 months as more results are released.
SPR deserves to be priced at a much higher premium than BGL and probably almost all other gold developers/explorers.
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- Ann: Diggers and Dealers - Corporate Presentation
Ann: Diggers and Dealers - Corporate Presentation, page-59
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