Spartan Resources, page-68

Thanks for the kind words. I know nothing about the Stavely project or Chris Cairns I'm sorry to say.
I will say this though.
If I'm buying into an exploration play I pay very close attention to:

1. Managements track record, have they had previous success?
2. What's their exploration spend as a percentage of total spend (avoid lifestyle companies that spend more than 60% on wages)
3. Is the project near existing processing infrastructure.
4. Do they chop and change between projects depending on the flavour of the month?
5. What is their cash burn rate like, how many quarters of cash left in the kitty?
6. Are there successful individual investors or institutions on their register?
7. Value of their mineral resources EV/Resource.
8. Do they have plenty of disgruntled shareholders on HC (sometimes this is a good thing)?
9. Do they have a solid actionable plan with timeline?
10. Does their main deposit have any chance of being economically viable?

All the best manila, I hope your investment turns around for you.




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