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SPROTT RESEARCH NOTE, page-4

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    SPROTT RESEARCH NOTE

    SPROTT is a Canadian Asset Fund Manager with $8.1 Bil under management. It has released a report that puts SPX share price at 16c with a 300,000oz plus JORC Gold resource at 15g/t.
    They also see genuine potential for that to increase geologically to 1 million ounces at 1km depth at Penny West North alone.Further upside clearly exists for identifying other high grade shoots along strike.



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