Spur Ventures Inc SPVEF

New resource estimates

[nilyab]

Is the following better than expected, worse than expected, or in line with expectations? Thanks.

https://finance.yahoo.com/news/atlantic-gold-mineral-resources-touquoy-110000510.html

Comments appreciated.

[BruleShore]

My first reaction was OMG!!! And they have hardly scratched the surface of their massive claim area. A couple of years ago, I opined that 10 million ounces was not out of the realm of possibility.Today’s announcement gives a lot more credence to that rather bold statement. Also, we have yet to hear anything from their drilling program at the other end of the Province in Southwest Nova Scotia.

[Akkopower1]

7 or 8 years ago Atlantic gold had measured up only CH and Touquoy, the share price valued it at under $20CAD per in ground ounce, at that time that was at the bottom end of pre feasibility pit resource valuations.  Currently sitting at a market cap of 550mill, with 2.1milloz, thats $260 per oz. Less than 1/4 of that gold is currently in an active pit. In 2016 the upper end price of

[Akkopower1]

It’s valued at over $1200 cad per in pit oz at touquoy, excluding all other assets. If everything else is a dud, you’d expect it to be valued at a max of 450cad per oz, that’s like 80-90c per share. It looks like I’m gambling $1.40 to find, develop and mine additional pits, I make 80-90c per tshare per touquoy discovered and developed, discounted for time and risk. Fms and CH contain at least 1