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Bullboard - Stock Discussion Forum Sparton Resources Inc V.SRI

Alternate Symbol(s):  SPNRF

Energy
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... see more

TSXV:SRI - Post Discussion

Sparton Resources Inc > New Update video from Lee
View:
Post by hedgehog11 on Apr 30, 2021 8:13am

New Update video from Lee

https://www.spartonres.ca/news/update-april-30-2021/
Comment by GermanFlower on Apr 30, 2021 9:02am
No new information unfortunately. I was hoping for a clear statement of the value of VRB's involvement. What do you think?
Comment by bantaly on Apr 30, 2021 9:25am
HEY GERMAN , CONTRUCTION IS STARTING IN MAY , HOPEFULLY NEWS ARE NEXT WEEK 
Comment by GermanFlower on Apr 30, 2021 9:36am
Yes hopefully. Maybe with another new job. By the way, it would be nice if VRB somehow mentioned Sparton.
Comment by Bluetick on Apr 30, 2021 9:40am
While watching the video I noticed the Natural Gas link up at the top of the page. So after the video I clicked on that link. I never knew that SRI had a working interest in part of a gas field ! Exxon Mobil ( Operator ) and Shell are majority owners of this. Sparton's share of these reserves at this time is 19.4 Billion Cubic Feet.( I don't know money wise what that is worth either ...more  
Comment by GermanFlower on Apr 30, 2021 9:45am
Yes, right Bluetick. Good analysis. I am also convinced that VRB will go public and that Sparton will then benefit greatly from it.
Comment by Bluetick on Apr 30, 2021 10:08am
Wonder what 19.4 Billion Cubic feet of gas is worth at todays depressed prices ? My calculator don't go that high.  : (    ....Bluetick
Comment by Dollarmover87 on Apr 30, 2021 2:16pm
17 billion 848 million worth if im correct...wowzas!!
Comment by Fabozzi on Apr 30, 2021 2:26pm
They've owned it for over 20 years and have had it marked at $1 since 2013.  
Comment by Dollarmover87 on Apr 30, 2021 2:28pm
what do you mean ..marked at 1
Comment by Fabozzi on Apr 30, 2021 2:49pm
It's carried on the balance sheet at $1.  They took a half million dollar or so impairment charge in 2013 and marked the asset value to $1, implying there was no value for the assets given the current and forecasted outlook for gas prices.  
Comment by Dollarmover87 on Apr 30, 2021 3:08pm
this little monster is so hush hush
Comment by Dollarmover87 on Apr 30, 2021 3:08pm
why dont you clean up those .08's?
Comment by bantaly on May 05, 2021 10:51am
ARE NEWS COMING SOON ? ANY COMMENTS ?
Comment by bantaly on May 05, 2021 11:11am
HOW COME THIS BOARD IS BUCKING QUITE ?
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