SPR 1.49% $1.33 spartan resources limited

Ann: Drilling hits visible gold over 1km deep below Never Never, page-69

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  1. 973 Posts.
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    I'll leave that question which is way over my head for the mining engineers to answer! But I look at what EMR did with Okvau, they didn't bother drilling deep initially, they drilled enough to get a reserve and got the mine up and running to generate cash flow before they started drilling below the known resource. But I can also see the advantage in drilling deeper, maybe NST wouldn't have picked up Paulsen's so cheaply if the previous owner had drilled a bit deeper to see what's there.
 
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