@Joelstar - without doubt the team are continuing to put runs on the board, well after Never Never proved itself. It is interesting to watch how this plays out, and I guess I will use DEG as the closest analogue if only because it took about 2 years to drill out the majority of what they have (sure, they have extended depth/width), with a lot less traction discovery wise recently (again, not bagging their efforts, they have proven up over 10m ounces which I have directly benefited from!).
Same for PDI now that I think about it (main pit is amazing, but... for now, only small successes elsewhere).
Where am I heading with this, again, BGL is perhaps the best analogue for SPR to date, with it continuing to have success with the drill bit well after the main U/G discovery was made.
Can SPR do what clearly is bloody hard (just look at GOR, they have spent in excess of $100m on exploration since it discovered Gruyere, but... not found anything of note since), and find even more high grade bodies outside of the Gilbey's pit (which... hmm.. this is dragging out), is already a rarity with multiple high grade NN look-a-likes, though none have yet come close to NN grade wise (yet), as West Winds seems to be hinting that it's getting better at depth. The one DD rig is peppering pepper right now, I wonder what the next target will be... back to WW now they have all the results (still waiting for Pepper and NN infill), or will they go to Sly Fox or the still less exciting prospect in-between WW and Sly. Or go after more blind Peppers?
Regarding WW and block cave mining, an example that comes to mind is RMS (LHOS which is another name for block cave mining) The two are approx to scale, and as shown, the combined Mars/Sat are to be mined at approx 500ktpa. At grades of just 1.9g/t. Though we don't have a separate reserve for either FP or WW (or Sly Fox U/G), I think it's no stretch to get a look-through to what the current MRE/deposits might provide. For interest, I have also included Sly Flox which due to it's orientation, never gets included with the main pit. Basically, it's around the same size at Saturn, which I think bodes well for another LHOS mining front (potentially it's own portal?)
I have speculated for a while now, that only Gilbey's North will be mined open pit, though I don't totally discount a partial cutback of the Eastern Wall (Gilbey's East as below) to provide base load/or just optionality of mining fronts and reduce reliance on Gilbey's North (NN open cut is the new name?)
Without a doubt, an open pit ore source would be a bonus, albeit, I still wonder if Archie Rose would provide enough for 1-2 years, but it's absence from all the reports gives me the feeling it's not worthy of attention yet. I also don't discount the possibility that they might be able to do the Eastern Wall cutback and access some of WW at surface (but.... pure speculation).
Though, the trend is... less open pits, more U/G throughout the industry in W.A.
Hi @DANNY2503 very early days. But Golden Wings 'corridor' has been mentioned multiple times, so as has been touched on before, they clearly believe there is something to be found.
While I know their focus is 100% centered on prospects within the mining lease, I cannot help but wonder if they will start to look a little further out, or at least, undertake more survey's...
Anyway, regarding Golden wings... hmm.. it was initially an exciting discovery, but... they did not fully infill it, so when mined, underperformed and... arguably, helped bring the company to it's knees. In saying that, because it was not drilled by, hmm..... the right team, perhaps there is a Never Never beneath it!
SPR Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
(20min delay)