The assays today suggests more than 2,000 OPVM may be achieved where they have inferred resources and with the deepest hole being of the same calibre we may we may be looking at a NN MRE of up to 1.5m Oz by June. My speculation on the ET for NN is between 1.5m and 2.0 m Oz and an additional 1.0 to 1.25m Oz (maybe even 1.5m Oz) from the other Dalangara deposits (current MRE is 750k Oz) - this is a 12-18 month target which is what their first ET was.
If 4P and WW join up with NN at depth then my highly speculative view is we may be looking at up to a 5m Oz deposit in time.
I still think SPR is undervalued by the market with a circa $500m MC which is only about $200m excluding the plant and cash. Cheap as chips. The market is either ignoring the value of the plant or ignoring the huge potential of NN and related deposits. Gold explorers and developers are valued very poorly by the market but that may change if POG goes on a big run.
SPR Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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