In terms of valuation, in the BGL threads - https://hotcopper.com.au/posts/74767838/single a page from Macq’s latest note shows they are using 9xOperating cashflow as the CF multiplier for valuation which is a bit higher than I expected. Ignoring a TO, once the decline is done and we have a solid mine plan we may get Macq initiating coverage of SPR.
SPR Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
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