SPR 3.77% $1.53 spartan resources limited

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  1. 12,098 Posts.
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    Cheers Joel.
    For what it's worth, I would prefer 'Hard Road' resources. Though... I would also like to see SL spin off Glenburgh, which rightly, would be called Gascoyne resources, because... that where it is! It was their main asset before they purchased Dalgaranga so many years ago. Though perhaps doing it this way makes sense to then spin off Glenburgh with the right name.

    Not sure there was anything else new in the podcast, though SL makes it pretty clear that they are pleased with what they are seeing we may get some initial results quite soon.

    Sort of interesting to note SLs view on the ounces in the main pit. I think he is right, the market does not care about the 500k+ ounces within the main pit (not necessarily economically mineable, but.. they are there). But they have not gone anywhere, and the POG has increased by approx $400 since the plant was put on the C&M. That is a 13.5% increase. High cost ounces.... can become quite profitable.

    Good point about MGV. I am quite interested to see what the initial study shows. Other than the obvious.... which is that high grade open pits ounces are very valuable rolleyes.png
 
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