One more highlight from todays interview that speaks volumes - it implies the conversion of M&I and inferred resources at NN to a reserve is going to be very high.
”when you have already paid for your capital and your mining stopes this wide at those grades the amount of ounces you pull in every stope IS GOING TO BE EYE WATERING GOOD”.
As I have mentioned before BGL a has only 43% or 1.34m Oz in a reserve and Indicated of 1.7m Oz being 55% of total MRE. SPR are targeting M&I at NN to be 85%+ of the MRE. It will not surprise me they get lose to 1m Oz in M&I by mid year at NN then add on the rest of the Dalangara MRE which they may get to M&I.
One more highlight from todays interview that speaks volumes -...
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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 | $66.88M | 33.90M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 77974 | $1.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 85766 | 5 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |