The Sly Fox delay could be because something made them lose...

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RooBendigo

798 Posts.

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21/03/24

06:56

Post #: 72985401
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Originally posted by speculator101: ↑

I will with happy all round, though unsurprisingly every drill result causes SPRs Geo team to alter their predictions.
I cannot deny the Sly Fox delay is intriguing, but hopefully all will be revealed soon enough.
Looks like NN strike length is tightening slightly around todays 1398-W1 drill result. But FP grew.
I note Applecross has not been able to match WW or FP, but... still early days and... there is gold there.
For interest, I added in the lower grade results for context (in regards to the Applecross prospect).

Whilst low grade, NN was at near surface, then...

I enjoyed the management discussion section.

SL basically lists the logical reasons for not racing to turn the plant on again.
Above all, a lot of shareholder wealth will be protected by not rushing in to production (BGLs thoughts on developers and amazing returns, clearly does not include Wiluna, RED, CAI, PNR, Novo etc).

Happy to see we will soon find out more about the 'extensive' air core program. I assume in the new presentations SL will be providing at the upcoming engagements.

I guess after SL spoke so confidently, expectations are incredibly high... anything less is perhaps going to be sold into.

For what it's worth, I would hope the Gibley's North open pit could provide 3 years of 20-25k ounces (basically 300kt p.a). But you equally be right, it could be supercharged and used very quickly in the first 12-24 months.

Good luck to all holders.

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The Sly Fox delay could be because something made them lose confidence in the logging. But what crossed my mind, perhaps wishfully, is that before announcing NN they redrilled from different directions to make sure the width was right. That would require more time…

SPR Price at posting: 58.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

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