SPR 1.08% 92.0¢ spartan resources limited

Ann: Singapore Future Facing Commodities Corporate Presentation, page-10

  1. 11,750 Posts.
    lightbulb Created with Sketch. 6240
    Hi all. You can access the presentation already here - Singapore Resources Forum
    Just jump to 1:40 hour mark.

    Suffice to say as @Joelstar touched on. SL provided strong implications that Dalgaranga will be focused on U/G mining (with for example, a small focus on open pit mining, i.e. Gilbey's North).

    This view of the U/G mineralization (block modelling?) is defiantly new and not in the presentation document. He also hinted he would show Sly Fox, but.. did not... which is a real tease, as he is most definitely excited about Sly Fox (he basically said it would be part of the mine plan and mined in the near term).

    https://hotcopper.com.au/data/attachments/6057/6057588-4cc2bdba3b95d72f2430d0d10f264992.jpg
    https://hotcopper.com.au/data/attachments/6057/6057591-eaecbfee7c0ac8556356cb3eda9e8938.jpg

    He also briefly touched on not needing any capital.
    That there is a team doing more gravity work.
    But.. I think the images above give a very clear picture as to why SPR is drilling between Never Never and Four Pillars.

    I think... that part of my nervousness regarding SL speaking so confidently, is that, realistically, these sort of discoveries and continued drill success does not happen often.... and whilst every MD is confident about what they are doing and what the drill bit will find... SL and the team are doing what they say.

    Probably need to watch it a few times to really get a better feel for everything that was said.

    I oscillate between nervous excitement and mild dread at future drilling results (even though I know the company has already drilled out enough ounces to justify its current valuation).
 
watchlist Created with Sketch. Add SPR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.