SPR 3.43% $1.28 spartan resources limited

Ann: High-Grade Pepper discovery extended, page-81

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    Thanks @hongkie - minor point but given SL's comments that Sly Fox has probably doubled with the recent hits there, I was thinking maybe adding another 90koz there also isn't too much of a stretch? All up though, I think your numbers are roughly mid point for what I was thinking - thanks for laying them out.

    Obviously, we'd also like to be paid something/a premium for the potential upside given we have cash in the bank, a 'system' that is working for finding more gold and lots of prospective targets (in other words we're not desperate - there is upside by just keep on keeping on). Hopefully the major shareholders do!

    It's interesting that twice in a few weeks we have commentary from a shareholder talking about being a willing seller at the right price. It might be a coincidence but I wonder if this is being driven by the opportunity to sell for script to a producer and then hold a producer rather than an explorer/developer relatively quickly? The recent MoM video floated the investment opportunity that as the next 2 quarters results are released, starting in July, it may dawn on the wider non-gold focussed market that gold producers are printing cash and are undervalued, and producers might get big inflows of new shareholders?
    Last edited by pbawley: 24/05/24
 
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