Thanks Calm, the narrative that BGL has higher grade will hopefully change once SPR has a reserve and mine plan printed.
Bigger picture who relatively has the best grades shouldn’t matter but until SPR is producing fully ramped up, the grades will be a proxy for future cashflow for most investors (including me!) imo. Stories in the media “the next BGL” will get the share price going earlier if the hinted at high reserve conversion at SPR happens and the mine plan grade is similar to BGL who are the market darling. That in turn would help with an equity raise for restart if/when etc
At the moment the narrative is Never Never is much lower grade than BGL - Mattie from MoM keeps saying it for eg.
Ann: Pepper continues to grow - 25.24m @ 16.66g/t, page-47
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Last
$1.30 |
Change
0.020(1.57%) |
Mkt cap ! $1.433B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.27 | $5.116M | 3.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63368 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 21923 | 2 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |