Spur Ventures Inc SPVEF

revised for Nilyab

[idlefreebird]

the question you need to ask is do you know what you invested in...did you do your own DD...is the management team competent..

NOW LET'S LOOK AT ALL THESE PENCIL PUSHERS THAT PROBABLY NEVER SPENT A HOUR OF HARD LABOUR UNDERGROUND....ya i'm talking so called analyst and publishers..oh ya don't get into the type of paper work they hold in there portfolios lol more stories on that subject... well look at the 9 analyst putting out there paper work on Atlantic...from $1.80 to $4.00 avg. $2.84 , but $2.20 difference between top and bottom...were do these numbers come from and y such a huge variance ,given they have the same data , but then again i give 9 people the same amount of popsicle sticks and ask them to build a house ,we will get 9 different outcomes..

... well my view is that as Atlantic mentioned that they lowered the cut off grade from.4 to .3 at Touquoi, and that being said the norm is extra ounces were to be had and that the mill grade would also drop this should come out in new resource estimate at year end... now they also said they would be coming out with a new resource for FM n CH wich will increase mine life

...now seeing what i've seen in mines of leaving gold behind and i'm talking 8-10 gpt ore in a 15-17 gpt heading was sick... but it wasn't in the planned work...this was in high grade Timmins camp..that is a blessing to me to see Atlantic take advantage of this low grade or and stockplie it for future ounces , as we all know the Touquoi pit is not a lifetime pit but is were the final product is achieved, therefore get every ounce out as you can..

now even though AISC might grow a bit no one in the industry can touch it at present...do they got to spend money to make money!! what company doesn't ..Victoria $800 million , Falco 1 billion , Osisko $450 million to build facilities to produce these dore bars..

now question is to truck ore from a distant to a single mill... if  Touquoi would have been originaly built for 16,500 tpd different conversation...  but it doesn't therefore you can't  shutdown the money printing press and rebuild now as you lose your cashflow...so captain obvious says build new crushing facilities ..

now to truck from both FM (2 million tons) and CH (2 million tons) = 4 million tons anualy...well let's just brake down the trucks required and not even the time factor... 4M tons / 40 ton truck loads would be 100,000 truck loads a year on Nova Scotia hyw../ 365  days would be 273 truck loads on a 24 hour basis and 11.41 hourly therefore double that fleet as you need a truck to arrive on the hour to maintain the 11,000 tpd quota and keep in mind CH is 80 klm away..

now that being said yes the 125 M is worth spending for the first crushing facility at FM and have concentrate and gravity ore  trucked as mentioned by company 100,000 tons yearly and I believ that would include the CH facility

now the company spent a year prior defining these resources and time will tell if they are true... Lakeshore had a 9 gpt resource coming out of gate but because they didn't use grade control drilling like Atlantic when they got to resource surprise grade came out under 4 gpt...

now the big ticket here is long life minning... these other two crushing facilities will be met with many more pits.. you look at just Osprey there Goldenville has a 200,000 ounce surface resource...that's 200M of FREE CASH for Atlantic if they were to aquire that, there Caribou project is 75 meters from Atlantic's property line and finding ore in there sampling... the 149 prospect has more ounces  and will use the same facility..

.well again all is allowed there own opinion but this company is showing positive cash flow along with paying off debt and adding to resources...that's a no brainer in my books...the dilution to shareholders is capped at 250 M shares due to low AISC and creating FCF.. huge....dam i should start my own publication ..

oh ya, reality is you need to aquire the same contractor to build the new facilities on the same terms as the first facility and then you add a creww for each site .. they actualy become independant and make the same free cash per mill and you sum them up as one at the end Atlantic Gold Vault...i'm in... gltal

Nilyab.lol better..

[nilyab]

Hi, IFreeDaBird: Yes, that's much clearer and much easier to read. Thanks. So, ProtectTheQuan, what is your point of view given IFreeDaBird's response to you. GLTA

[nilyab]

Hi, IdleFreeBird. Sorry that I didn't get your name right! :) So, you're not a free bird, but an idle one! :) Just for laughs.

[idlefreebird]

lol all good...didn't even notice..gltal

[ProtectTheQuan]

Hi Nilyab So to begin with I agree with idle on doing your due diligence including questioning whether the management team is competent? I would say they are exceptionally competent at “selling” a fully financed low grade mining project to which they retain 35% ownership. However, raising venture capital in a financial market is not an indication the same team can successfully “operate” a low

[nilyab]

Thanks, ProtectTheQuan. I have just converted what you wrote to audio, as I don't like reading any print off the screen, especially tiny sized letters. I will listen and pass this around to several people first, and then get back to the board. I don't have enough knowledge of mining in general, never mind of gold mining, to make comments on my own. Your answers on first impression

[idlefreebird]

Protecthequan , well i respect your thoughts and I'm glad you made your decision to pull out of your holdings...gltu in future holdings Now for the 60,000 tons of run of the mill that was set for start up would and should be low grade ore as this is test ore ..were you get that they replaced with high grade either makes you an insider or pull in the ins.. but that don't matter.. as a

[touquoy2003]

Steven Dean stated staff turnover was 3% !

[nilyab]

I wonder whether there will be fleets of driverless trucks in operation by the time to two furthest mine properties are developed, which I believe will take us to around 2021.

[nilyab]

One further thought, ProtectTheQuan. By 2021, around when the two new gold properties may possibly be developed provided they pass environmental assessment reviews, it is quite likely that we will have considerably increased automation of tasks, mainly involving the use of computers and robotics. As a result, there may not be any kind of labour shortage related to hiring personnel to operate the

[ProtectTheQuan]

Hi Nilyan  Automation of surface mining equipment is currently at the 240 ton and above level for applications where the equipment spends a considerable portion of the haut cycle on privately owned access roads that do not change course. Examples are tar sands, copper mines, and surface pits serviced by electric or large hydraulic shovels with 40 yard and greater buckets that feed trucks

[nilyab]

ProtectTheQuan, we are already in the era of automated truck fleets in Arizona: https://www.theverge.com/2018/3/6/17081626/uber-self-driving-trucks-delivering-cargo-arizona. Where do you get the idea that such fleets are years away? Moreover, the idea is that self-driving vehicles would undoubtedly do a better job than humans over rough, unpredictable, public back roads and for difficult

[idlefreebird]

nilyab, take a gander ...Iamgold has started there cote the lac project 1 hour away from Timmins and they will be using automated trucks at surface and using a .3 cut off grade..they will be building a 30,000 tpd operation...Timmins people are a little upset with the automation deal as it eliminates jobs ...but shareholders happy due to cost savings...bottom line can't please all... gltal