SPR 3.74% 97.0¢ spartan resources limited

Ann: Firefly Scheme and Westgold Offer Update, page-66

  1. 1,828 Posts.
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    Agree, @speculator101

    My understanding is that the current MRE doesn’t include much of what was discovered in the Melville grade control drilling - the grade and extent of the ore that will actually be mined first. Who knows what grade we’ll end up with there - bring on the studies and the specific MRE numbers for that layer.

    I suspect in the new year WGX will be back making an offer again once the price limitations of the current offer are no longer relevant - knowing that many shareholders would’ve taken their last offer. It’s not like they will be making any progress on building anything themselves anytime soon.

    I’m hoping the MRE updates will come before that happens.


    https://hotcopper.com.au/data/attachments/3772/3772917-1b1fe8ab1ca46079b921a451ddbf130d.jpg
 
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