Ann: More strong drill hits across key prospects, page-23

Blah Blah Blah

Drilling Results and more scheduled presentations than Taylor Swift concerts.

SP suggest no-one cares anymore as we all know how big this monster will become.

Interesting to note that Bellevue Gold in a Macquarie Presentation in May 2022 pointed out that

" Single asset development companies experienced on average +163% share price appreciation between announcing construction and reaching commercial production."

BGL has increased its MC by 255% to appx $2.2billion from around $850million (since announcing construction).

BGL kicked of with a 1- 1/12 million ounce resource with upside to 3 miillion significant borrowings of $200million and hedging of 200,000 oz at around $2600.

Apart from the level of debt and hedging and current MRE (which will likely grow to at least equal BGL's) SPR is in a similar postion to where BGL was prior to pushing the go button.