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Bullboard - Stock Discussion Forum Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely... see more

TSXV:SPA - Post Discussion

Spanish Mountain Gold Ltd > MASTERFUL PLAN
View:
Post by Wangotango67 on Apr 04, 2021 7:19pm

MASTERFUL PLAN

Spanish is sitting with - 4.1 milllion ounces.
it could be far more ounces - if they inclused waste rock which contains - upto - .40/g/t
There's a brilliant PEA... And... alll the more ounces if they - tweaked the cut off -

The masterful plan ?
Take 4.1 million ounces = reduce it to a reserve of, 1.2 million ounces.
WHILE AT IT...we'll place al lthe waste rock with gold in it... above grade. lol
And,,.. drag the project out with more drilling.

If they drill anyomore - they may as well mine it by - drilling it.

Whose lurking in the woods - nearby ?
Osisko - all in tan color on map.
Karus - darker tan - kissing Spanish gold.
              karus's stock symbol is well.... can't find it.
              they do - name drop - spanish and Osisiko.

Where's Spanish Gold amongst the mix ?
See where the words say - GOLD CREEK (  karus')
In between the two ( AU symbols ) where the two picks mark the spot with an - X.

Yeah.... Spanish is surrounded by two other players...
Spanish has the most gold out of the 2 competitor peer juniors ( osisko, karus )

Does it make sense ?
Spanish is PEGGED with the lower valuation - BUT - with most gold ounces ?
Or... am i missing something ?


The masterful plan....
get hte junoor to do more drilling - while two other peers nearby haven;'t the size of resource
as Spanish...lol


I THINK SPANISH...
should reevaluate thier plans...
Spanish might have shaeks around them...circling.
Anyone else ?

Let's chop your gold ounces down to 1.2 million from 4.1 million.
lol...when was this decision made ? Ha... summer / fall of 2020
was it a decision based on - cvfear ? who knows....

Yeah.. i'd love to chat it up with the prez...
Just to see if he feels confident with last years, decision.
Hell...i'd rather spanish just secure the used mine plant on own...
and ... postpone the drilling.
i'd  say investors would support the junior....
i'm not liking the extra drilling while sharks are in nearby waters
with higher valuartions and far less gold...


KARUS MAP
https://www.karusgold.com/_resources/images/map-cariboogolddistrict-fggold.jpg

Just an entitled opinion - directed to the junior.
Rethink things through - with the mindest of - sharls..
Pull your graphites forward...
Simple testswill determine if the carbon is of right purity.
If so... tel lshareholders the grade of, carbon...
Anything above 3% - well... could be equivelent to the gold value dependent upon the
price it fetches...


Cheers...
Comment by Leaky66 on Apr 05, 2021 1:11am
It's certainly interesting that Karus used a photo showing SPA's camp and drill core shacks on the first page of the company PPoint presentation to Investors.  Not to mention the colour of the logo and presentation is  similar...... or maybe not since Eric Sprott also owns 26% of Karus.