“Spartan don't have time on their side imo.They need to...

“Spartan don't have time on their side imo.They need to transition from Explorer to Producer soon…”
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I don’t have much time to post at this moment but I’m going to respectfully disagree with this idea with regards to Spartan. Under almost any circumstance, cashflows earlier rather than later is a good thing. But delaying the decision to produce has been unequivocally fantastic for Spartan. Why? Because resources are being added at an extraordinary rate and the price of gold has moved up strongly. There is NO reason to believe at this time that either of these phenomena have reversed.

In terms of potential resource additions, you would have to be very brave to expect the trend will change in the short to medium term. The odds are against that happening. In terms of the POG, I will just point out that the action post US election has mimicked that of Trump’s first presidency back in 2016. POG initially got hit, then stabilised in the short term, finally was up 50% by the end of his term. If he succeeds with his stated objectives, USD gets strong, gold gets hit (maybe) but we are strongly protected by the weak-as-piss Aussie dollar, which is likely slammed further downwards if Trump succeeds in funnelling USD away from China. If Trump doesn’t succeed in executing his policies effectively, we could have chaos, including ever higher inflation, which POG will respond to in time.
All up, I’m a big believer in not changing course if it’s working for you. Becoming a producer certainly hasn’t helped the likes of BGL.

Good luck all.