OTCPK:SPVEF - Post by User
Comment by
Stockie9on Dec 14, 2017 8:33am
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RE:RE:RE:RE:RE:MARYSE N GWEN
RE:RE:RE:RE:RE:MARYSE N GWENI agree bird. Rick stated in his video saying mainly how the operations hold up over the next 2 quarters will be telling including how they deal with the "muck" during the commissioning stage. Everybody knows there's gold there. A lot of mining companies experience big big issues with operations of their mine that take months to fix bleeding more and more cash. With this update we received, it appears all bugs with the operating facility over the dry/commissioning have been ironed out. Throw in the very very low cost per ounce vs the average mining company, they already have the upside even with only medium to low grade gold. There was no reference in the video about gold grades dictating the stock price, it's the operations he talked about which was over a month ago, around the time the really started commissioning so at that point you didn't know what issues they had with the June, which appears now to be minor.
If there wasn't much gold in the hills or overall really garbage gold grades, you definitely wouldn't see this management team come here. I know you can say the management team can only do so much or have issues with their communication (although they were fantastic at providing updated pre commissioning and they just gave a commissioning update on the line, which is a different story from production results which I won't expect until Q1 2018 as stated, but every good investor will say that it all starts with a good management team. Their entire team have been around gold and gold mines for 25+ years, that's enough to tell me that they know what they are getting themselves into. Long and strong.