SPR 9.03% 84.5¢ spartan resources limited

Ann: GILBEYS MAIN ZONE WIDE CONTINUOUS HIGHER GRADE DOWN DIP, page-8

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    Relist or buyout? Relist will require creditor approval, a board of directors and some degree of recapitalisation. If the current output continues at approximately 70 k oz at an Asic of around $1200 then given our selling into a spot of around $ 2400 looks like we are earning somewhere around 6- 8 cents/share apply whatever conservative p/e you like , still a looks viable business to me.
 
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