I hear where you are coming from Undaunted , but in the last 14 months of "the 18 month strategic plan " they have added around 600k oz at nearly 7 grams a tonne .
So in one year they have found higher grade/margin ozs than most mid tier 200k oz producers would need for replacement in three years and guessing at around a $25 an oz finders fee (SL's $16 an oz is probably a bit low ) and the wider down plunge and strike looks to be liking hitting fish in a barrel for the future
I will let you do the math on the margin * ozs found and determine from that perspective if they have done a good job outside of the road shows and gin party orgies
"The high grade of 5.8 - 6.9g/t really caught my eye given the current MRE is 5.74g/t with the prior one being 5.85g/t. They must be assuming the very high grade underground resource continues below the current MRE which makes sense given recent assay results."
NN total resource comes in at 5.74 grams a tonne , but the underground is currently around 6.9 grams a tonne (refer page 10 underground chart in the announcement ) so the new target of 5.8 - 6.7 is actually would be below the current UG grade .
My biggest bug bear with SPR is Delphi , not the current execution of strategy.
- Forums
- ASX - By Stock
- Ann: Updated Exploration target for the Never Never Gold Deposit
I hear where you are coming from Undaunted , but in the last 14...
-
- There are more pages in this discussion • 143 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
|
|||||
Last
93.5¢ |
Change
-0.050(5.08%) |
Mkt cap ! $1.032B |
Open | High | Low | Value | Volume |
98.0¢ | 98.0¢ | 93.0¢ | $3.906M | 4.113M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1538 | 93.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
94.5¢ | 80487 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1538 | 0.930 |
1 | 5384 | 0.925 |
4 | 5685 | 0.920 |
4 | 25631 | 0.915 |
1 | 3 | 0.910 |
Price($) | Vol. | No. |
---|---|---|
0.945 | 80487 | 2 |
0.950 | 92678 | 5 |
0.955 | 20000 | 1 |
0.960 | 158450 | 2 |
0.975 | 40000 | 1 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online