For some, the announcement will be a let down, in the sense that SPR has literally hit gold again, and again and again (though they did hit gold, just not at the grades most are used to), however I am neutral on it, perhaps because I have not let myself hold the view that no explorer can consistently hit high grade.... I think there are some wins in here too, though not going to excite the market yet.
800m deep.... Freak looks to have legs, just a matter of being able to more accurately hit the lode/s. Seems almost like the team took a long shot hole at the end of the year, and I think, it will give them great confidence (since it was a single hole).
Then you hae 1576-DT, which has given them another target for the U/G drill crews.
Agree
@cammotee - the flexure zone/s are clearly making it more of a challenge, but... the U/G drilling will soon enough give SPR a huge advantage in result turn arounds (I was amazed at just how quickly results can be received after talking to Nick, Simon and Craig).
My only real concern, if that is the right term... is will we see a flurry of announcements from RMS regarding their Eridanus pit, plant upgrade and LOM plan... if they occur in the next 30 days, then I think they will make their move. All speculation, but... just a gut feel.
Super looking forward to what the rigs can prove up in coming months!
Interesting little statement regarding the decline....
I have no doubt the Spartan team are going to quite literally go full bore... for the next 12 months.
Good luck to all holders. Exciting time to be in the sector I think.
(20min delay)