" ........we're optimistic about the belt-scale potential at Dalgaranga.” If it does prove to be belt-scale this will be a life changing investment for many people if it hasn't already been the case. No wonder they're pressing forward with further exploration/delineation drilling and pushing back production.
If Simon and the team are right on belt scale, the mill could feasibly be at or close to its 2.5mil ton capacity for well over a decade. Four months ago I thought ~ $1.50/share was around its valuation and here we are yet it just keeps growing at eye watering grades & fortuitously during record commodity pricing with an equally favourable macro backdrop & under the stewardship of one of if not the best gold executive teams in the country. All the planets have aligned. I don't know what SPR can be valued at anymore. I'm not sure how the brokers can come to a number considering the resource numbers are so fluid and escalating with drilling. Happy and admittedly a little excited to see where the numbers fall over coming quarters/years(?). Until then I'm still not selling a single share. There are few Australian gold companies that could make SPR an offer that would be enticing enough for shareholders to accept (how do you price blue sky potential?) without blowing up their own shareholders in the process. If it is belt scale, it'll not be a significant Australian deposit (it already is), it'll be a significant global one. Not sure who will own SPR in a year or so but I'd be surprised if it's still listed on the ASX but if it goes i know Simon's not going to give this away.
Disclosure- Massively exposed to SPR but I'm still buying as recently as the $1.25 pull back of 10 days ago.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)