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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

Comment by Dartmam32on Dec 08, 2024 6:11am
70 Views
Post# 36351424

RE:RE:RE:Lee Barker details key assets and future plans

RE:RE:RE:Lee Barker details key assets and future plansAfter watching that interview,  why would anyone invest in SRI. He sounds like a beggar on the street corner. He says that he went to the UK looking for financing. Why finance? Please stop drilling! On a per share basis, the moose pasture properties are worth almost zero. Drilling will just dilute our investment in VRB.
He says that VRB is only worth 8 to 10 cents per share to SRI. That implies a value of  only $150 to $200 million for VRB. Do you think that Ivanhoe would be building a plant and investing tens of million of dollars in something that will turn out that small? Talk to Ivanhoe and they talk about a business that could be worth billions in a few years. They will steal our investment in VRB for nothing if we leave Lee Barker as CEO. Please retire Mr Barker. SRI needs someone who thinks big. 
Instead of talking about raising money or drilling  he should be hyping the POTENTIAL of VRB and what he would do with the money or shares. Everything that Lee Barker does is small. He thinks small and he talks small. Even the drilling company that he owns is small, and when it comes time to negotiate for VRB he will get small! So sad, because the potential is HUGE.^
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