Hey mate, I've watched your posts for a long time given we both...

Hey mate, I've watched your posts for a long time given we both held SPR early, you are right to have an opinion on anything you want at any time but its clear you have a negative agenda re: OBM which is great, so we can debate as i'm quite positive long-term. In the interest of said debate you should explain in more detail why this impacts your investment thesis and we should all be thanking you for poking holes in ours. In short you are warning us that the drill results are poor and we should learn to read the report but in the interest of balance I'm not sure you're seeing the upside either, why?

Further i think next to nobody who has enjoyed this run from 3c to current and surrounding prices has worried about the resource otherwise we'd never had held it as it's always been scarse. Everyone knows what they signed up for. Everyone understands the prospectivity and data sets otherwise none of us would have taken the risk. Yet you still bang on about the resource here now and in your previous posts also.

Below is their FY25 drill plans, you can see the infill upgrading to indicated and the right hand side colum saying "By EOFY25' over 90% of existing LOM is expected to be converted" and you can see the growth areas.

Can you answer what the capital cost is for those ounces that will come off that northern decline if mineralized? Initial results below don't look awful.

Do you know how many vertical meters they can mine per year?

What's a reasonable extrapolation of mine life given vertical extent?





So now lets look at the most recent announcement, you can see they are tapping that northern corridor and they are intersecting the main lode footwall at 1000m below surface.

At ~80m vertical meters a year could it reasonably be conceived that they are inferring a 5+ year extension to Riv here alone?

The latest update provided no information on Sand King but I'm assuming you're worried for us there too



Doesn't look overly concerning to me given the system is open in every direction



14.5koz months coming in hot starting now and the market won't believe them (rightly so) until they sort out the processing plant issues.

So why not direct your issues to the process plant? Seems like easier pickings than the resource.

Actually, if you look hard enough you'll find they announced to market the processing plant is going through upgrades also. Given you've been around a while you should know delays happen.



So whats your problem? Resource scarcity is well known and cum upgrade.

Processing plant issues well known and publicly discussed and now addressed.

So what should we jump at next? Enlighten me but do so in a way that alerts me to some unknown risks, something that is not blindly obvious or frankly, already reported on by the company.