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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

Post by CamPieon May 19, 2021 1:59pm
122 Views
Post# 33231002

Foreign Exchange

Foreign ExchangeSomething I would like to mention in regards to the pre-feasability study: foreign exchange.

The biggest hurdle to getting this mine up and running is the initial capital expenditure, which the recent presentation indicates would be $607m CAD, or $461m USD.

Canadian dollar has been climbing recently, and that could bode well for the actual expense figure.

...It could also mean nothing if it is actually just the US dollar falling instead of the CAD rising (which is what I think is more likely).

Either way, my take is that the current trend is either good or neutral. Not bad.
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