Sprott steps up investmenthttps://www.mining.com/spanish-mountain-stock-soars-as-sprott-steps-up-investment/
Eric Sprott now has an 19% interest, at a cost of 23.86¢ Can. The revised BV per share is 26.50¢ Can. SPA has or will have, $24m Can in the Treasury and is well primed to finance an extensive drill prior to a mining decision. So Sprott buys in below book value, controls the project, and gets the immediate value of 900 holes drilled, totalling 180,000 meters, which took years, at or below cost. Smart move.