Thanks @calmbeforestorm - agree, high grade would be amazing, but so far the Indicated Resource at Sly Fox and Plymouth is only 30koz at 1.8g/t approx, with no underground indicated ozs. We don't need stunning grades to build a decent indicated underground resource here to compliment NN (along with WW and FP) - just longish intercepts and enough drilling. The MRE in Dec 23 basically said 'we haven't done enough drilling here - watch this space in 2024'. The other thing is that these drill holes could be connected to Plymouth - it has a more complex structure so who knows! In 2021 they were talking about Sly Fox and Plymouth becoming part of the main pit but then the merger with Firefly suddenly happened. At the time I think the the chat here on HC was that the follow up drilling hoping to show the ore bodies were joined came up negative, anyway - we never heard, they just stopped talking about it and then Gilbey's North became the focus in 2022. However, the recent Sly Fox images do show shallower misses between the Sly Fox and Plymouth pits which probably cooled down interest (and maybe even pushed the Firefly deal up the list? I'm guessing, no idea). However, now that bulk underground is on the menu, these deeper mineralisation hits show that actually we have no clue yet what's down there. I'm really excitied about this - the market will 100% ignore it as first unless it is very high grade but it matters a lot even is just 3-4g/t, I think we agree?
SPR Price at posting:
47.3¢ Sentiment: Buy Disclosure: Held
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