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Sparton Resources Inc V.SRI

Alternate Symbol(s):  SPNRF

Metals & Mining Gold
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

Sparton Resources Inc > Lots of cash coming
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Post by Dartmam32on Dec 29, 2024 5:46pm
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Post# 36380181

Lots of cash coming

Lots of cash coming The Chinese side is projected to make 41 million us. That's about $60 million Cdn. SRI has 5%. That's about $3 million.
I would assume that the American side will be double that since SRI has 9% ownership.  Thai works out to about $9 million in yearly, total profit for SRI's interest in VRB. It was also nice to hear that it took only 2 months to build phase 1 in China.What price should SRI be trading at?
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Dealroom for high-potential pre-IPO opportunities