SPR spartan resources limited

Too many unknowns since we don't have an idea of the mine plan....

  1. 1,601 Posts.
    lightbulb Created with Sketch. 1752
    Too many unknowns since we don't have an idea of the mine plan. Your total figures are great but there's no real way to understand the potential here until they've drilled it out and chosen a path, we just don't know what the grade or sequence will be.

    NN OP first, decline goes in, bulk tonnage UG type stuff in a few years with WW FP providing the feed in the interim? Other HG OP sources discovered with the first few years continuing that? NN just providing the HG stuff to the overall blend forevermore?

    Decisions on all of the above will make a difference but I suppose we come to similar conclusions anyway as the mill is only so large. How they go about filling it with what feed and grade makes a difference though.

    Personally, I like running these scenarios but think things would change again quite drastically should anything in the blue come back.

    https://hotcopper.com.au/data/attachments/6002/6002540-25f2efe1b19d3a39418cdeb6be0dd781.jpg

    I anticipate they'd infill the rest of gilbeys and then drill FP really hard.

    https://hotcopper.com.au/data/attachments/6002/6002545-5d5bdb009b4e204de28537c0d7686d5f.jpg

    Decisions decisions... lots to think about and optionality is desired.

    IMO and I've said this since I first bought at 12c but I just want them to raise and continue raising and drill the living !!!! out of the belt. Why stop at 5 rigs I love the exploration game and don't care much for mining. That's just me and I totally respect most people want to see the mill back on.

 
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