Sparton Resources Inc V.SRI

Alternate Symbol(s): SPNRF

Energy

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the major gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. The Bruell Property, which hosts a new gold discovery. The Oakes and Pense Properties, near Matachewan and Englehart, in Ontario, are in close proximity to Alamos Gold’s producing Young Davidson Mine and the Kirkland Lake gold producing area. The Bruell Property is located in Vauquelin Township, Quebec. The Oakes Gold Property is located in the Matachewan gold mining area of northern Ontario. The Company controls about 32 mining claims and three mining leases in the Matachewan Gold Area. The Pense Property is located in Pense Township, Ontario. The claims are located near the Quebec provincial border, approximately 25 kilometers east of Englehart, Ontario, in the Larder Lake Mining Division.

TSXV:SRI - Post by User

Sparton Resources Inc

Bullboard Posts

Post by Nergyon Feb 05, 2011 3:02am

490 Views

Post# 18080335

Recent weakness?

Any thoughts regarding the recent weakness in the shareprice, could it be because of liabilities due in April?

I would personally like them to sell the Chebucto assets although the timing with low Ngas price isn’t perfect. I would be satisfied if they could realize around 10 MCAD for the Chebucto share.

I would also like them to separate the gold assets.
A company with the Marmion, Sierra Rosario and SBD projects, cashed up with 2 MCAD for property developments should be priced with a higher MCAP than the current MCAP of Sparton. A Company with the Germanium, Vanadium and Uranium businesses cashed up with 8 MCAD should have a MCAP of at least 3 times the current MCAP of Sparton.

Any thoughts..

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