Looking at a possible $1400 an ounce AIC with sales at $4400 makes it look like a printing press, once the initial development costs are spent and mill is spinning what more will they need to spend money on for years apart from more drilling/exploration. $1,737,000 mil market cap divided by $3,000 per ounce profit. 579,000 ounces produced. Obviously this is simply just a of the cuff calculation not including taxes etc but the reality is real in value terms.
SPR Price at posting:
$1.35 Sentiment: None Disclosure: Held
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