Dalgaranga can't be a non-performing asset because it's not even producing anything yet. If it was in production and losing money, then it would be a non-performing asset. SPR already announced they've committed to 65,000m of ug drilling in CY25. If the Resource base increases by 30-40% in the next 2 years, then the NPV of the project goes up.
The core of the due diligence would have been verifying the Mineral Resource for Never Never and Pepper. If you're suggesting there is a inherent issue with the Resource, you're in no position to do so because you're not privy to how it was done.
SPR also announced in December that $6M was earmarked to "finalise feasibility and optimisation studies" - this includes the mine plan you're saying they don't have, and which is likely underway as we speak. The work would have gone ahead regardless of the merger Ann. or not.
RMS Price at posting:
$2.31 Sentiment: Hold Disclosure: Held
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