RE: WTF
I Believe that the results are being held back due to the new PEA that will be released
by fall. Don't forget that this drilling was done to study the future pit area and pitwalls.
Basically this is proof that SPA is a mine and not an exploration project.
Even if your average price is 0.50 you will be okay in the future. I can see $ 2 or $ 3.
once everything is in place.
This new Cedar Creek property has gold on 84% of the surface with 14 different
placer operations. Much of the gold is coarse which means it comes from the area.
SPA could easily increase their resource by several million oz. with further drilling.
This type of deposite is normally 20 or 30 million oz if you look at other similar
mines around the world. Do you think this is why Ian Watson bought 11 million
shares in SPA ?
Relax for the summer and wait for the fall news releases.