Spitfire Resources Ltd (SPI)

Discussion in 'Stocks & Derivatives' started by Smoothcriminal, Sep 19, 2011.

  1. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    SPI are doing a second Gradient Array Induced Polarisation (GAIP) geophysical program adjacent to its recent manganese discoveries at Contact and Contact North.

    They are targeting an exploration target at Contact / Contact North of between 10Mt and 15Mt grading 15% to 25% Mn. if this is as targeted have a potential mine development on their hands.

    If the results are good over the next four months (or even "as expected") this one would jump nicely into the 0.20's IMO. Lots of proven resources and projects nearby so indicators are pretty decent.

    As always do your own DD and suchlike don't count this as advice I'm just a random internet pleb with delusions of grandeur etc etc.
     
  2. perthsilver

    perthsilver Member Silver Stacker

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    Delusions of grandeur is good enough for me. :D
     

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