hmm... wow. What a great result on 4 separate structures! I really struggle to think of any sort of similar drilling success by an ASX listed company that I have followed (though DEG is perhaps still my best example, albeit, it's mostly open pit).
If I just look at the raw numbers... a 170m extension at 1500-2000 OPVM - will see a further 255,000-340,000 ounces being added to the MRE over time. Let alone what else they other 3-4 currently discovered structures hold.
What else can be done... other than to just keep drilling deeper (though at some point, it is literally going to be too expensive to justify), though from what WGX did at Great Fingal, they could easily go another 500m down dip without breaking the bank (but... it will be harder to infill the MRE).
Either way... feeling very lucky to be holding SPR, in the sense that I and many others have stuck it out through what was... two close shaves with administration. SPR is turning into a premiere gold play on the ASX.
Well done to all holders.
SPR Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
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SPR is turning into a premiere gold play on the ASX.
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