SPR spartan resources limited

To all my fellow Spartansnot financial advice but I would...

  1. 1,381 Posts.
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    To all my fellow Spartans
    not financial advice but I would suggest focus on the producer and wait and read half year RMS report as well as read next month their quarterly report. Look at how much their AISC cost and count the worst case if gold price is just 3000USD they are making crazy $$$ profit. Learning from past experiences in any miner the rich is the ones that already producing and has big and high quality assets. Be mindful that mining is CYCLE and gold price can drop anytime. Furthermore the risk for explorers find low grade and even worst nothing is quite real. Remember no1 rule is no one on earth knows the exact result in the ground until is drilled and tested no matter how promising it is..so I personally will stick to RMS..
 
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