I own Bgl and Spr. The vibe I get is eerily similar. The thing...

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28/03/24

20:45

Post #: 73112491
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Originally posted by calmbeforestorm: ↑

I own BGL and EMR and have for a while. The issue with EMR a few years ago is they were building, I believe, the first gold mine in Cambodia which is a third world country not know for mining - investors attached a significant country risk to it and it wasn’t until they delivered in spades on production and costs that investors took them seriously and the SP went up heaps. Cambodia is well down the Fraser’s list of favourable mining countries as is my next example.

But I do agree SPR does fell like EMR was a few years ago and it also feels like AZS a year ago - ie there is such major potential at SPR that one feels the SP may go up multiple times 60c just like these two stocks if they deliver on that potential.

ADT seems to be in a very similar position to EMR was a few years ago - third world country but in Europe, not known for mining just into production where the current SP will look very cheap if they deliver on production and costs (half revenue is coming from precious metals). However, it has a much higher grade, planned production ie revenue and LOM than EMR.

BGL and SPR have little country risk compared to EMR and ADT.

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I own Bgl and Spr. The vibe I get is eerily similar. The thing I’ve noticed about Spr that I haven’t noticed from anything else in the short time I’ve used HotCopper as an investment tool is the quality of analysis and the amount of smart money on here. A year ago I knew very little about mining and exploring but with the posters on here you can’t help but learn.

SPR Price at posting: 65.5¢ Sentiment: Hold Disclosure: Held
16 Upvote

2 Great analysis

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