SPR 3.24% $1.28 spartan resources limited

Ann: Drilling hits visible gold over 1km deep below Never Never, page-93

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    I bought SPR ... (at .12 I am happy to say) because, among other things, I heard Simon say he would never again run a marginal mill, and he has since said many times that the plan is to drill and then drill some more until they are sure. In any case this time the operation will not be marginal, so reconciliation won't be as critical. And all the early NN drilling was top cut to make sure they weren't overestimating due to nuggets ... but they top cut so often that it became clear there was nuggetty gold that was going to appear in the gravity circuit that hadn't been counted on ... so I don't think we have to worry about SL running a mill that is sweating on reconciliation.

    He hasn't quite convinced me he wants to run a mill again at all ... making a massive discovery and running a mill are quite different things, I imagine. And even exploring to feed the mill once it is running is not the same.
 
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