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
(20min delay)
|
|||||
Last
80.0¢ |
Change
-0.035(4.19%) |
Mkt cap ! $883.6M |
Open | High | Low | Value | Volume |
83.0¢ | 84.0¢ | 80.0¢ | $4.291M | 5.233M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 101800 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.5¢ | 69125 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 97800 | 0.800 |
3 | 22000 | 0.795 |
4 | 50000 | 0.790 |
1 | 6000 | 0.785 |
1 | 30000 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.805 | 69125 | 3 |
0.820 | 40000 | 1 |
0.830 | 8383 | 1 |
0.835 | 95000 | 1 |
0.840 | 6230 | 2 |
Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online