The point is that apart from all the drill intersection, resource update, gold price and self gratification fluff, we know little about the start-up strategy, cost and timing. The long section in the last announcement shows there is a lot of high grade directly below the main pit which is currently used to access the decline. Why would you leave the cheaper Gilbeys and NN open pit ounces and just mine 100% underground at great additional cost?
A FS study is the last step of the process and we haven't even seen a scoping study yet. A big red flag for me
SPR Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
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