SPR 3.86% $1.37 spartan resources limited

Ann: Exceptional new thick, high-grade intercepts, page-88

  1. 11,928 Posts.
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    Cheers plough, your comment really made my day.

    Cheers as well @Peppie - Mat's discussion whilst sometimes... not entirely accurate (he pondered how they would fill the Mt Magnet mill, Eridanus major cutback would solve that quite well), does sum up my views overall in regards to RMS and the synergies to be had between a mergers entity, but... logic does not always win the day. I think RMS attempt at Karora shows they prefer getting assets at 'bargain prices', yet, they have already been rebuffed, so they turn to WGX who is also a bargain, yet, so far they have also shown no interest. If RMS had a suite of options on the table over the past few years, the list is being whittled down every day and Edna May's stockpiles are dwindling just as quickly. To counter my own point, MZ at RMS has been more than willing to pay up when the asset deserves it, i.e. Penny was at an incredible premium (but that was partially because they planned to truck it).

    As usual... after looking at SPR announcements, I could not help but put together a visual timeline of Pepper (I mean... it was only just discovered).

    https://hotcopper.com.au/data/attachments/6243/6243850-cf9ec019302099ae371ae2818b53db63.jpg

    I believe we are still waiting on results from the air-core Phase 1 program, but for now, NN and Pepper are the main game (best bang for your buck, plus adding the most ounces for the upcoming MRE).

    https://hotcopper.com.au/data/attachments/6243/6243853-bff0470409e217100ddcd9fb5519e9a8.jpg

    Ok, enough of SPR for today! rolleyes.png
 
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