Thanks, I've reached out for a call - hopefully get a better sense of it. Stupidly missed RRS in Brisbane but I had other things on my plate and was more focused on producers.
This is a good explanation. When I look at that stope optimisation and the 100+ blocks at +6g/t with an existing 2.5mtpa mill I can't help but thinking there is +400koz p.a potential which puts it in another ballpark - closer to Degrey from a value perspective. If you can build additional declines to get there you should. I need to review the Haverion study to understand how they were dealing with scale prior to buying Telfer.
Of course you also need to add tonneage UG through the drill to make that all make sense.
SPR Price at posting:
$1.32 Sentiment: Buy Disclosure: Held
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