From the Helm - Spartan Resources (ASX:SPR) Youtube Grady Wulff interviewing Simon. Takeaways: over 1800 meters down on the development drive (Juniper decline) and will be 100 meters away from Never Never by May. Simon says we can defer the capex and access the high grade material from Never Never that we will hit in the second half of this year, send it to checkers (65 kms) and start realising cash flow from that opportunity almost 18 months ahead of schedule. Grady asked about aisc and Simon said that RMS at the moment are producing at under $1800 (aus) he and Mark have talked extensively and this provides almost a decade of us being able to do that as a combined entity
SPR Price at posting:
$2.20 Sentiment: Hold Disclosure: Held
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(20min delay)