SPR spartan resources limited

Spartan Resources, page-34

  1. 12,536 Posts.
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    Hey Traige, as plough mentions, Great Fingall and Golden crown are what come to mind first for me, partly because they are so nearby.
    Then you have Hill 50 down the road at Mt Magnet and its sisters. Both examples have produced 1.2-1.4m ounces, (very similar overall interestingly).
    Not sure I agree with you about SL wanting a T/O, but that is just my read on it. This is potentially his career making company (NST, was a good stepping stone, though from then on, it will actually be tough for him to outdo this!), but appreciate the differing thoughts, as I continue to be more wrong than right rolleyes.png Perhaps if.... Never Never 2.0 is discovered, SL and the team can provide some examples of analogues for similar discoveries?

    https://hotcopper.com.au/data/attachments/5557/5557990-6e30c8b76fcd3afed0d8db987c6abcf6.jpg

    @plough - well done on your profits with SPR/GCY. I take you point about the valuations, except, in the end it's all about margin.
    It's why CMM, EMR and BGL (though needs to prove it), are valued multiples of RMS, SLR, CAI, WGX, because, its the AIC at the end of the day and mine life. If we could have a 10 year, 150k p.a mine plan at a low AISC. There is simply nothing else out there, with such a clean orebody (even better with 2 etc).
    I imagine many shareholders (new and old) are constantly revaluating their holding size. Though to date, I have not sold any because... I did that with DEG (repeated selling as it went from $0.04 to $1.6) and won't make the same mistake twice, have to let my winners run (though like some, my 'win', is negligible currently). Seriously hoping I don't have egg on my face after this post what.png

    Slightly off topic, I wonder if we are going to see an increase in drilling from tenement holders surrounding Dalgaranga? Never Never is a premier discovery.
 
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