SPR 2.70% 76.0¢ spartan resources limited

Ann: Drilling hits visible gold over 1km deep below Never Never, page-130

  1. 33,353 Posts.
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    Nice work @Joelstar as usual your posts also add value to the forum IMHO .
    I like how you have given a lower % reporting to reserve in WW and FP , and Sly fox .

    Its a hard one to value in a way as the comps are producers while we are an advanced developer (with mill ready to turn on ) and some also have other projects in the works ie CMM and RMS , SLR and some are marginal producers , ie WGX and SLR and RED while we look to be a low cost producer eventually more like BGL or CMM but then Mt Gibson looks lower grade/lower margin in the future ,

    Maybe also subtracting the non Dalgaranga resources up in the Gascoyne off your EV would also reduce the $564 cost per oz ?

    Just spitting tobacca juice now , if the non Dalgaranga assets were split off into a separate company called say Gascoyne 2.0 wonder if SL could work his magic again , would also possibly make Dalgaranga a cleaner looking company for a possible suitor ? maybe there is a way to work those assets in with WGXs Fortnum mill or the Degrussa mill if not too far away ?
    Last edited by plough: 12/04/24
 
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