SPR only has an inferred resource. The jorc code has five levels 1 inferred 2 indicated 3 probable 4 measured 5 proven SPR has inferred and indicated resorces only Presentation Feb 2025 page 10.
SPR could cut shares on issue by half , 1 for 2,then offer RMS 50/50 joint venture. RMS could pay for the mining when SPR converts their resource to measured with more drilling. This would protect SPR capital and be beneficial to all parties.
Sell sentiment because SPR share price dropped with rising gold prices. This took some thought. Not advice just explanation why my sentiment is sell.
SPR Price at posting:
$1.31 Sentiment: Sell Disclosure: Not Held
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