SPX 8.33% 1.3¢ spenda limited

There is ARN and SRN in the play too, you know.I disclose that I...

  1. 10,724 Posts.
    lightbulb Created with Sketch. 2875
    There is ARN and SRN in the play too, you know.

    I disclose that I am holding both of those (@john435 comments and maps influenced me) and came by today to read up on SPX drilling. One hole I see on a graphic shows a drill intercept of 5m at 28 g/t on SPX and a result of 2m at 29 g/t EOH on ARN - about 2 km between them and on the same NS trending fault.
    You might be interested that ARN's cap of 6 and cash of 4 gives it an EV of $2 mill.

    I reckon the destiny of all these small caps is some kind of M&A and use the Youanmi plant. Remember there is cobalt as well as Ni and literally an estimated billion tonnes of V in magnetite ore on these combined tenements.

    I also hold CHN, and would not be surprised if they have had stern words to SPX, and maybe their lawyers too, who are thinking a nice bonus fee for Christmas. lol. Perhaps their holding in SPX is stragetic, thinking ahead to great success on their under cover plays on N trending structure from Ballarat.

    Too much - my little mind is going bonkers. GL all players.
 
watchlist Created with Sketch. Add SPX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.