@Joelstar - The point is drilling for further discovery can also be value destructive over time. SPR's share price has been trading sideways for several months now and is no longer reacting much to drill results and is probably being influenced more by register and gold price movements. A restart will be a rapid process so I don't agree with the Lassonde curve angle. I know the insto's won't hang around for the exploration sex if the incremental ounce growth rate slows, the cash burn remains high (>$10m/quarter) and the share price drifts.
Ann: Exploration Update - Dalgaranga Gold Project, page-172
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Last
$1.97 |
Change
-0.025(1.25%) |
Mkt cap ! $2.524B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.05 | $1.95 | $66.88M | 33.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 77974 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 85766 | 5 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |