SPR 3.77% $1.53 spartan resources limited

can they RC drill underground or is it just DD so they can drill...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 34,341 Posts.
    lightbulb Created with Sketch. 1930
    can they RC drill underground or is it just DD so they can drill cheaper RC initially then tail it with DD ?

    On the surface one of the constraints to depth they can drill is how long a drill string they can use based on the lifting force the rig needs to have to have to lift all the rods string) out of the ground (pull back force ) guessing it is the same constraint underground , but would be interesting to know if my assumption is wrong (as it often is) .
 
watchlist Created with Sketch. Add SPR (ASX) to my watchlist
(20min delay)
Last
$1.53
Change
-0.060(3.77%)
Mkt cap ! $1.702B
Open High Low Value Volume
$1.57 $1.57 $1.53 $3.165M 2.049M

Buyers (Bids)

No. Vol. Price($)
1 20000 $1.53
 

Sellers (Offers)

Price($) Vol. No.
$1.55 29228 3
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
SPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.