Spur Ventures Inc SPVEF

RE:osprey gold

[profittaker1]

@Lettherebeanend and @theblackestcat, I've heard Rick Rule state that he and CEO Steven Dean had hoped for the downturn to last longer in order to aquire more properties multiple times. Since the downturn in gold ended prematurely in their eyes, the deposits aren't dirt cheap anymore. Also another underground gold miner in Nova Scotia failed a couple years back and Atlantic is the first miner to attempt to mine this style of deposit with an open pit. So they need to prove the concept to reduce risk prior to making any moves. That's why they drilled double what was required for the resource estimate. Wouldn't it make more sense to aquire neighbouring deposits after the share price is heavily inflated from being in production? Eg. If they bought Osprey now, they would have to do all the drilling and it would potentially be more dilutive at a $250 M CAD market cap to finance it with shares. If Osprey proves what they have and Atlantic shares eventually double to $3/share, they could make an offer with share equity or the cash from production itself since they should be pocketing a substantial amount after taxes. Nothing is guaranteed of course but I can tell with the number of views on that post, I am not the only one looking at those maps. And just by a relative value comparison, if the Osprey deposits are legit, Osorey is trading at something like 1/50th of the value of Atlantic by enterprise value. I'm not saying back up the truck but its stupid to not give it a look. Just my opinion.