SPR 4.51% 69.5¢ spartan resources limited

cheers Deb, that makes sense. Shame my attempt was so poor! In...

  1. 11,657 Posts.
    lightbulb Created with Sketch. 6024
    cheers Deb, that makes sense. Shame my attempt was so poor! redface.png
    In any case, just like when the flexure zone was hit, the market was instantly unhappy with any uncertainty, just part and parcel of investing.
    Hopefully my pessimism proves... too pessimistic!

    Cheers for that @Joelstar, totally agree, so much more to come from the next 3 months of drilling before the next MRE.

    Just eyeballing the 'Gilbey's Complex' MRE, if we take out the 91k for Sly Fox. That leaves around 650k.
    WW looks like it could hold around 2/6 of that or around 220k. With FP making up another 1/6 (approx 100k) and the rest... low grade areas.
    Meaning, there is likely around 320k at perhaps 2g/t currently for the 3 structures. Combine that with Sly, and you get around 410k at perhaps 2g/t.
    I am hopeful that this will be doubled by the next MRE, to give them perhaps 700-900k of U/G to complement NN.

    6g/t NN + 2-3g/t Bulk... average of 3.5g/t * 1.6mtpa = 180k before recoveries.

    As @plough discusses, Never Never could be combined with the other U/G deposits (likely at least 2 declines) to enable LHOS (Longhole Open Stoping).

    A shame we will likely never see the many many versions of the mine plans as they evolved. Just for interests sake!
 
watchlist Created with Sketch. Add SPR (ASX) to my watchlist
(20min delay)
Last
69.5¢
Change
0.030(4.51%)
Mkt cap ! $754.2M
Open High Low Value Volume
67.0¢ 69.5¢ 67.0¢ $3.580M 5.212M

Buyers (Bids)

No. Vol. Price($)
3 18483 68.5¢
 

Sellers (Offers)

Price($) Vol. No.
69.5¢ 218888 5
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
69.5¢
  Change
0.030 ( 4.53 %)
Open High Low Volume
67.0¢ 69.5¢ 67.0¢ 725540
Last updated 15.59pm 16/05/2024 ?
SPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.