RE:new presentation posted at SPA website, bit confused thoughUpon further review of some of SPA's historical news releases it appears the "missing" ounces referred to in my earlier post aren't missing at all but rather are in zone two instead of the zone one.
Back to what I said earlier, a less than stellar PEA from a few years back has caused mgmt to stumble all over themselves attempting to downplay some of the shortcomings from an obviously less-than-complete PEA.
Can Larry and company please update the PEA, showing ALL ounces under their control and what the NPV & IRRs are at varying price of gold from $1400 all the way to $2000? This zone one and zone two scenario is driving me nuts. Other companies refer to starter pits and then we understand that you have excess inferred mineral wealth waiting in the wings so to speak to be upgraded to M&I at some future point. These presentations are becoming needlessly confusing because they are simple and straight to the point.