When you think about what a CR means at this stage of growth, it means they are more flexible to keep drilling the targets (multiple targets by the looks) into next year, to continue to build a substantial Mineral resource before restart of the plant. It will mean that even when the FID comes in SPR has the ability to keep generating news with drilling.
Hopefully it is somewhere around 10-20 million just to keep the Drill bits spinning next year.
I believe BGL and other growth stories kept raising during the growth/drilling phase even when they had millions in the bank, so this is a good thing IMO. We'll see this bounce back, it's even cheaper now than it was when it was cheap a week ago.
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Price($) | Vol. | No. |
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