Magnitude of recent results?16 Dec 2019 14:29
Hi. Unlike some boards this one doesn't seem to have a vocal resident expert. So there is gold in every hole at some grade or another at plateau the much vaunted results are suggesting. One problem for SP as I see it as a relative newbie/layman is that 41,000 ounces of gold is often talked about but that equates to just north of 40million dollars I think so no great shakes to anyone with a fag packet. But at Mt Wright which we keep getting compared to they have found over 1 million ounces of gold according our video, and there is also silver and zinc etc. We also seem to have quite a few projects on the go and people saying the new results are on top of the 41,000 known. When I quickly went skim reading for the July RNS as directed by David I found a reference to lighthouse project and 50,000 ounces instead. I am still in but only been following for a month or two on small punt so it doesn't quite roll out of my head yet what is what. Mcap did appear as cheap as you could expect though so worth a go. Anyone got any firmer ideas of where they think this is all heading as a company with the new results because no one seems to have quantified it yet? And it seems the majority might be expected a bit deeper than we have drilled already, as at Mt Wright, but the open pit stuff being the low hanging fruit first would be just as economic perhaps. Anyone know how many warrants out there because I didn't think the 15,000,000 for today we too much of a worry but it did not seem to mention what price was being paid for them (assuming it's not the 0.1p mentioned which I took just to be the nominal value).
In danger of looking bit stupid or unresearched here but clearly there is not the expected reaction so far to news where just one more gold hit was considered enough after the first hole to be transformative, or so the company implied in interview.
I noted there is a fresh area 300m to the south worthy of investigation too from recent results. What's the timescales of getting something like that sorted and how is the company for funds? Is the current run of results good enough to not worry too much on that yet or would it be worth seeing if there is a sweeter spot?
Thanks gla