SPR 0.53% $1.42 spartan resources limited

Ann: Exceptional new thick, high-grade intercepts, page-177

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    Joel, what are the peer group trading at in terms of multiples of operating cash flow at the moment? Do you have any metrics for that kind of valuation?

    My own view is that the SP might get a bit more volatile in the months ahead. But there is a lot of road still to run if investors are prepared to hold through the noise. I have sold about 20% of my stake (redirected to WA8, thanks for spotlighting the opportunity there). But I’m going to try to hold the rest for the fuller return.

    I mean, it could go up another 30 or 40% and we’d still only be about halfway to BGL’s market cap.
 
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