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Sparton Resources Inc V.SRI

Alternate Symbol(s):  SPNRF

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the major gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. The Bruell Property, which hosts a new gold discovery. The Oakes and Pense Properties, near Matachewan and Englehart, in Ontario, are in close proximity to Alamos Gold’s producing Young Davidson Mine and the Kirkland Lake gold producing area. The Bruell Property is located in Vauquelin Township, Quebec. The Oakes Gold Property is located in the Matachewan gold mining area of northern Ontario. The Company controls about 32 mining claims and three mining leases in the Matachewan Gold Area. The Pense Property is located in Pense Township, Ontario. The claims are located near the Quebec provincial border, approximately 25 kilometers east of Englehart, Ontario, in the Larder Lake Mining Division.


TSXV:SRI - Post by User

Post by Dartmam32on Oct 15, 2024 7:40am
138 Views
Post# 36265936

Management is our only hurdle

Management is our only hurdleThe 9.7% investment in VRB could turn out to have a tremendous value over time. Currently the probable value is about $25 to $50 million. Over the next few years that could grow to over $200 million. However  SRI will probably be approached with a small offer and this desperate management team will probably take the money and blow it on some drilling.  Small companies sometimes think very small. If they are not desperate, this could turn out to be a big home run for all. Imagine holding on to a company like Tesla, compared to selling out early. Please Lee, don't take the money, give VRB a chance to grow.
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