SPR spartan resources limited

Ann: RMS: Ramelius makes strategic investment in Spartan Resourc., page-167

  1. 35,519 Posts.
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    Earlier you wrote "SPR hasn't got a reserve,"

    Then in the last post you wrote :

    "How do you run a defence strategy and unlock true value for shareholders when you haven't even released a reserve statement since September 22"

    So which statement by you is correct ?

    Personally not worried about a reserve the population of drill holes , and the wide contact to contact of mineralisation between the host rock , plus the high grade reduces financial risk or the need to show a reserve to banker ,
    Prefer they just get 40% in indicated category , use a development drill rig from underground with shorter drilling lengths , once they get there and do the rest of the drilling as step out the exploration budget can only go so far .
    As les Davis says drill for structure mine for grade .
    Last edited by plough: 05/07/24
 
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