SPR spartan resources limited

Agree 100% DTL but I'm still hoping that if a TH/TO is...

  1. 1,880 Posts.
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    Agree 100% DTL but I'm still hoping that if a TH/TO is inevitable, it doesn't happen until at least mid next year to see the planned decline and drilling campaign done.

    I'm assuming (given no TO attempt since Pepper ewas discovered) that there is still a big gap between what RMS and SPR mgmt/large holders think is a fair price. I get that the view on the probabilities around what the drilling will turn up is difficult. My model for the cashflow/Price Target isn't complex (just covering the basics of royalties, mining rates etc, equity dilution for restart etc) but FWIW I have to be quite pessimistic about all of the inputs to get a price target less than $2. (e.g FCF multiple of <5, let's say justified by being a single asset producer, gold <A$3500 etc).

    Basically you would have to assume everything that is currently uncertain goes against SPR which feels extremely low probability.
 
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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
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
SPR (ASX) Chart
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