They either need to make some decisions quick or find a new deposit between NN and Golden wings for the SP to get back. Future holes at NN, 4 pillars are too deep now to do much to the SP. This could potentially keep dropping to the low 30s as they keep spending money drilling. And eventually will need another CR. Still got alot of money left but will need heaps more to start mining.
So many cashed out in high 40s, low 50s believing it may of finished its run. Let's hope they find something else of significance, and get the chart heading upwards again.
Looks like typical chart before mining begins. Hits an exploration peak. Then tapers away, when people start to do the maths on Start up costs, upgrades, Grade control, underground development and percentage of resource that can actually be mine efficiently.
I would start grabbing the open pit stuff now and get some money coming in.
Crucial times.
SPR Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held
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