SPR 3.36% 57.5¢ spartan resources limited

i tend to go for areas in the right product (gold) that are ripe...

  1. 253 Posts.
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    i tend to go for areas in the right product (gold) that are ripe for consolidation for interest / excitment
    so my thinking is as follows and please critque me and put holes in it as i am usually wrong
    there are three mid tier miners in the gcy mill area all auguably looking for aquisitions having much cash
    1. slr with perhaps too small a mill for what they hope/are finding (cheers spec) approx 120 ks ? away
    2. rms 55ks ? away who are hauling ore in from 100/200 ? ks away (penny and vivian) surely plant
    overloaded ? also perhaps desire to add another mining hub to their suite gcy would seem a good fit ?
    next to them mgv with an excellent resource, one would think gcy a perfect aquisition if they could find the finance / backing or possibly a stranded ore source until they build their own mill
    3. then the main wildcard wgx with big bell mine from which they hope to haul 950000 tpm ore to the 1.2 mtpa tukabianna mill approx 50 ks ? away to the east this would leave little space for the other wgx mines operating in that area
    mmmmh newish 2.5 mtpa gcy plant approx 70 ks ? to the south
    i see also just declared maiden dividend and sp rising which would assist any scrip offer should it occur

    please know this is not a ramp, note no sentiment i am purely hoping others will show me how wrong i am or whether there is merit in the thinking

    cheers bobby


 
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