Thought I would do some basic math on the SPR business.
so assuming they hit 3mil reserve (high grade) safe bet. That's a 20 year mine life at 150k Oz. Disregarding all other sources.
so puts the business at a gross $573mil a year or $11.5bil over 20 years at the current POG.
I'm confident with all SPR greenstone belt areas this will only increase. Plenty of time and money to find more high grade. And as it builds wealth acquire a 2nd hub. You need to think big SL
. Go big or go home they say.
the current share price value for business sale is about 1.25-1.30 a share. So makes sense that 1832 acquiring more at this price with good news on pepper coming.
My 2.12 target is looking good about now. Monday trading halt might get it done at 1.82.
Time will tell... news flows of high grade.. or TH... tick tock.
(20min delay)