SPR spartan resources limited

FWIW, by the time NN underground is in full swing, there will...

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    FWIW, by the time NN underground is in full swing, there will certainly have been significant capital spent, however there is an open pit to be mined with maybe 3 months of oxide and transitional ore that doesn't need a paste plant, a decline or an extra mill (which is most of the discussed capital) and then a further 3 months of fresh ore (which can be mined without the extra mill but throughout will be lower or recoveries will be lower than they might be). Until we get a mine plan we won't know but there is a path here (even ignoring the other shallower ounces at DGP) to ramping up and generating cash while developing the underground infrastructure.

    https://hotcopper.com.au/data/attachments/6038/6038407-15b4c13e86cd002fb9d961493c81475b.jpg
    https://hotcopper.com.au/data/attachments/6038/6038455-3c49a1bf4c780154875b3a78c46e9cd5.jpg


 
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