If they could get a good price then sure, some benefits. However they tried this already end of 2022 and got no serious offers.
It's been discussed here before, but I'd rather they kept it as an option and did the minimum drilling for now for the future (again, unless they get a decent $/MRE oz. which is unlikely).
Back in 2012, after some good hits there, Zone 126 looked like a potential profitable underground mine - and gold was about AUD$1600/oz.
If in the future, the Dalgarangah tenements are well drilled out and understood and SPR is still going as a standalone entity and generating great cash and looking to become a multi-district producer, Glenburgh could be an amazing multiplier for shareholder value. If Zone 126 could produce a decent quantity of high grade underground ore, then a viable mix of the open pit already defined could be a nice project?
https://hotcopper.com.au/threads/ann-major-extensions-to-high-grade-gold-shoot-at.1723324/
If they could get a good price then sure, some benefits. However...
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Last
$1.10 |
Change
0.005(0.46%) |
Mkt cap ! $1.224B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.14 | $1.09 | $5.462M | 4.924M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 90424 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 225875 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SPR (ASX) Chart |