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Bullboard - Stock Discussion Forum 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... see more

TSXV:SRI - Post Discussion

Sparton Resources Inc > Lots of cash coming
View:
Post by Dartmam32 on Dec 29, 2024 5:46pm

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?
Comment by Mapleleaf57 on Dec 29, 2024 8:44pm
$0.025?
Sparton Resources Inc