SPR 0.37% $1.35 spartan resources limited

Ann: Surface drilling continues to unlock high grade potential, page-103

  1. 3,446 Posts.
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    "Jeez is the s/p getting ahead of itself, mkt cap re $809 mill (after placements),thoughts?"

    Not the first person, won't be the last to think it, but for me it's about the risk v reward.

    They now have funds to turn this into a potentially multi-million ounce, multi decade mine, probably no debt (a year from now) at a very low running cost in a steeply rising gold price.

    The downside?.....hmmmm. Still working on that side of it.
 
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