new presentation posted at SPA website, bit confused thoughThe new presentation now indicates a total resource of only 5mm ounces. If memory serves their previous presentations indicated around 8 mm. What happened?
They also indicate only 2.2 mm ounces produced over a 24 year mine life, again a far cry from 8mm or we are talking horrible recovery rates.
The NPV does show a stellar 28% at gold price more than $100 BELOW where they currently are. Why not show NPV at $1,500 or $2,000 also?
Long story short, the presentations over the past year or so have been confusing, they seem to try to downplay the shortcomings in the 2017 PEA all the time, so why not just crank out a new PEA using CURRENT prices of gold?
We are in the first few innings of a renewed gold bull, so ANY company with the word "gold" will do well, but I wish we could get an accurate story about the true resource amount and NPV for SPA.