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speculator101

11,707 Posts.

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29/11/23

09:05

Post #: 71160047
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Originally posted by speculator101: ↑

Cheers Tangs.
Hmm... SL... pretty confident about hitting 1m ounces for Never Never.
Also... discussed Mt Magnet endowment of 6m ounces and.... then said, "well, why can't we get to 3 and then get on our way to 6 as well".
Feel's slightly surely to hear that..... not complaining though!

I love to hear that they "flat out". I try to think of another explorer (though I know that category is not the best fit), that is literally run of it's feet because of their exploration program. Usually, small caps carefully manage their news flow timelines (probably with some very good Gantt charts!), but SL and the team (growing team... he discussed how they literally have staff wanting to join them) are basically the polar opposite. I am going to be careful in saying this, but, I have a little bit of deja vu in regards to DEG and when... the market started to recognize they had found something special (this is just my personal opinion, as I was and still am a holder, with... so far, my second best investment) and quickly went from the above... slow, cash strapped, to... multiple rigs (2, 4, 6, 8 eventually 10-12 rigs). I do think there are obvious differences, with this being U/G versus DEGs incredible open pit, but.... hopefully most who read this can see where I am coming from.

SL is asked... what will make 'it' work, as in what will make the project viable to turn on. SL mentions 1.5m high grade material.... That is quite a jump from the initial 5.... to then 5-7 years of 130k+ p.a goal. At 2g/t.. I basically get 150k p.a for 10 years (after recoveries etc if they can fill the plant).

Arg... would love.... to know what... "there's always people knocking on the door" pertains too!

I still prefer a slightly less exuberant MD (my days of wild unadulterated optimism are gone.. sadly), but... if what he thinks will happen does, then... how can I be critical of it.

Good luck to all holders.

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Sigh.. I meant you @triage, though I appreciate you too @tangs

SPR Price at posting: 45.5¢ Sentiment: Hold Disclosure: Held
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Last 83.5¢		Change -0.010(1.18%)		Mkt cap ! $922.3M

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No.	Vol.	Price($)
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Last 83.3¢		Change -0.010 ( 1.14 %)
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