SPR 3.83% $1.13 spartan resources limited

Hi Chaka,I am watching HRZ, but, as per my list, I am only...

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  1. 12,129 Posts.
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    Hi Chaka,

    I am watching HRZ, but, as per my list, I am only looking to compare GCY with actual producers. HZR is, at the earliest 18 months away from production (and I believe that is a stretch). Well done on your purchase, I think you have probably bought near the lows (nothing guaranteed! ha)

    For those wanting a little confirmation bias, there is a new research note on GCYs website. Very positive and basically just confirms what the company is hinting at.... that Sly Fox/Plymouth is going to enable the company to extend the current mine life, for very little expense drilling, and even stripping. Plus, anything above 1g/t is basically going to enable GCY to displace the lower grade ore, meaning more profitable ounces, which hopefully, will enable them to reduce the AISC in 2023 (when it rises).

    https://hotcopper.com.au/data/attachments/2746/2746662-3e694ccd1131a1b08b63c9a6e6ad0124.jpg
    https://hotcopper.com.au/data/attachments/2746/2746665-53e34611d95ff5aba5435853cafeffb4.jpg

    For what it's worth, I don't really follow FML.
    I have glanced at it from time to time, but... a quick look at the PFS, shows me that whilst it will likely become a producer due to the higher POG, its got a long way to go before getting back into production (even with a plant onsite). Perhaps I will take another look once the DFS is completed. Good luck if you hold though.
 
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$1.13
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-0.045(3.83%)
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