SPR 10.7% 98.5¢ spartan resources limited

Have been pondering this over the weekend, we're losing ~$500/oz...

  1. 4,542 Posts.
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    Have been pondering this over the weekend, we're losing ~$500/oz at the moment with the low grade rubbish, maybe raise another $20mil which would be easy enough with Gilbys & NN waiting in the wings. Alot of reason to hold here, NN discovery is significant for the future for GCY, and buys time to develop toll treating deals, explore and bring on other deposits, So I think we'll be ok. PoG is the wildcard, like most here will think, there must be a turnaround soon, probably will line up with a topping of the DXY, US recession is looming quickly and the Feds tightening policy may need to moderate/pause sooner than many think, which should be the catalyst for gold. Its certainly interesting times economically and politically.
 
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