SPR spartan resources limited

Gold and macro environment, page-190

  1. 69 Posts.
    lightbulb Created with Sketch. 24
    Why the drama ?
    You are not comparing apples and apples...spot gold vs explorer that :
    - yet to restart mining, finalise mineral resource
    - won't see it's next gold bar in earliest say 18 months +
    - currently valued at best with lots of wiggle room using NPV with cashflows going out 10 - 15 yrs or estimated free cash flows with built in lots of uncertainty of gold prices over that time
    - likely has some takeover speculation built into price

    Yes SPR has exciting momentum and hopefully lots of upside possible (not guaranteed) - but should you be expecting it to track the current spot price over a 4 day period?


    Last edited by substanceonly: 06/09/24
 
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