SPR 7.78% $1.19 spartan resources limited

So we can probably have a guestimate stab at the ramifications...

  1. 4,389 Posts.
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    So we can probably have a guestimate stab at the ramifications of the December MRE update for a new SP update....
    1 million NN high grade ounces (highly likely in the bag) at $200 an inground ounce value $200 million...(takeover, premier resource find and plant production premium applied)
    Plant and equipment replacement value $350 million (horses mouth)...
    Inground WW and FP high grade ounces (60k ounces on drilling at a guess) with pit low grade ounces value $40 million (in reality a higher valuation could be applied as a blending input to NN high grade ounces or takeover premium)...
    Other tenements inground ounces value $50 million..(cheap)
    Cash $25 million...
    total approximate value $665 million or around a whopping 70 cents a share....
    Bring on the NN 1 million ounces...60k ounces WW and FP (might be a bit light on ounces here too as previous drilling results were very high grade)....
    Move that dirt.....
 
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