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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Bullboard Posts
Comment by StockPigg7on Sep 14, 2020 2:39pm
252 Views
Post# 31553840

RE:Value of SPA's Gold

RE:Value of SPA's GoldAnother way to look at it, even if you want to disregard the 10 million oz number as pie in the sky, a PEA has been done on just the 1.1 million oz of the 4 million oz resource. The NPV of just that portion of the gold is $960 million at $1800 POG

At $1940 POG where we are at right now, the NPV is north of $1 billion. So even if you want to be super conservative with your estimation, this is clearly at the very least a 5 bagger, even if POG treads water at this level.
Bullboard Posts