Here are a few matters and figures to consider. It is a simple illustration of SPR SP potential upside in the next year.
The POG is up 37.5% (US$) for the year while GDXJ (Junior gold miners ETF with minimum of 200k Oz pa production ie SPR like production when producing) is up only 54%.
The increase in profitability across the industry with the increase in POG is about 110% - that’s based on an estimate of a commentator I listened to in the week which happens to be my view based on my research. I have seen a number of articles and podcasts stating gold shares have seriously lagged their increase in profits.
If gold shares had risen in line with the increase in their profitability we should have seen gold shares increase by a further 36% (ie 2.1/1.54).
Applying that to SPR we arrive at a SP (from Fridays close) of about $2.05.
If POG rises to $US3,000 in the next few months, a price I have seen predicted by a number of experts, profit rise for gold producers by about 155% so the SP of all gold shares SPR could rise to $2.50.
Then we need to consider:
1. as they drill out Pepper and probably increase the resource and move a lot into the indicated status then we should see further appreciation in the SP - an MRE end December this year of around 1m Oz is possible ( with an increased grade and extending mineralisation)
2. release of a reserve of upwards of 1.5m Oz to 2m Oz will see the SP go higher (this will be normal)
3. UG drilling at WW etc will see more resources and maybe increased grade
4. the discovery of another NN or even 2 of them
For items 1 and 2 we may see a rise of say 20% maybe more or less ie $3. For items 3 and 4 at least a $1 increase.
While this is very simply it illustrates the potential upside for SPR. If the find another NN and POG goes over $3,000 and gold stocks re-rate upwards an SPR SP of up $4 is not out of question over the next t 12 months.
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SPR
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Here are a few matters and figures to consider. It is a simple...
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Last
$2.07 |
Change
0.050(2.48%) |
Mkt cap ! $2.652B |
Open | High | Low | Value | Volume |
$2.02 | $2.10 | $2.01 | $34.89M | 16.89M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 278638 | $2.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.09 | 40971 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 2.040 |
1 | 10000 | 2.020 |
1 | 3000 | 2.010 |
8 | 21125 | 2.000 |
1 | 10000 | 1.980 |
Price($) | Vol. | No. |
---|---|---|
2.090 | 6000 | 1 |
2.100 | 25000 | 1 |
2.150 | 465 | 1 |
2.170 | 250 | 1 |
2.200 | 2353 | 2 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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SPR (ASX) Chart |