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@FundamentalAnalysis @Konik Belo Sun I'm assuming you are referring to holds Volte Grande which is not a marginal deposit That's the big difference. Belo also raised a tremendous amount of cash at the market top so they are cashed up. Something in the order of $75m I believe. Sandspring has very little cash in the bank currently.
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@ROD @FundamentalAnalysis $SSP don't have 450 MM shares out either...that to me is something to compare there is a price for all that cash!
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@Konik $SSP If the data from Santa hill is 2grams/ton then we will have a match better situation for the progect to begin with .The $75m that Belo San has come from a big dilution to the old shere holders ,FD 486MM .After SSP finish its fusibility study ,and having SILVERWITONS fainancing in place the price of Ssp stock is goin to be at least 3 times higher than today's 0.45c .So when they will nead to finance the rimening cost of the project the dilution for as is going to be minimal .$SSP FD 158MM at the moment. Have in mined that we can get bank financing as well like GUY did .I think everything is in plase after so long for the company to thrive .Gold price is going up ,volatile but up.At this time the only thing we nead is a large position and a big stomach .........
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@Rod @FundamentalAnalysis RE: $SSP Sona Hill is smart exploration in my mind. The thing that will send $SSP SP up and quick is there power option, that will greatly enhance the project and at the same time be value added to the government and to other mining operations goin forward. Toraparu will get built its just after all the pieces come together. The meeting in N.Y Montreal and Toronto will shed a lot of light on those pieces!
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@FundamentalAnalysis This is a repost - prior to @ROD response. It's all about margins. SSP will need to go through massive dilution if it tries to raise money to build. It also has a few options/warrants outstanding. I actually hope SSP doesn't get developed, I want them to either do smart exploration or do NOTHING. Then it will rise as the gold price rises. That's what I expect for an optionality play.
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@FundamentalAnalysis @Rod I think as shareholders my though is the optionality play makes all the share price gains from not getting built too early on. I'm hoping the company agrees/or continues to discuss on things like construction, talking to debt providers, permits etc but then patiently waits for gold prices to rise, so share price rises substantially in line, and after some time only then consider getting built. What I don't want to see is what happened with a company I still hold $LYD. Which fortunately I bought at a price below what it is today, but I lost a lot of upside from the severe dilution, financing that took place at the bottom of the market. The company would have held up better in regards to the share price if it wasn't for that, as the deposit is of high quality. That's a classic example of not watching out for shareholders. With Frank on Board, I'm hoping he would ensure that kind of nonsense doesn't happen with $SSP and that his aim is maximising shareholder returns.
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@Goldfinger $SSP breaking higher targeting C$.55-.56 area: http://cdn.ceo.ca/1c9h437-SSP_2.6.2017.png+
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@lukejackson Breakout on $SSP that goldfinger and longs have been waiting for for weeks.
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@newswire Scripps names Leon Clark VP/GM for KGUN/KWBA in Tucson, Ariz. @newswire/scripps-names-leon-clark-vpgm-for-kgunkwba-in-tucson $SSP
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@Rod $SSP great day today, I look forward to a resurgence in the SP here. I truly believe that we are at a very important time for Sandspring. Sona Hill PR any day with a rising gold price is a catalyst for a much higher share price....I appreciate all the input!
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@newsfile IIROC Trade Halt - Sandspring Resources Ltd. @newsfile/iiroc-trade-halt-sandspring-resources-ltd $SSPXF $SSP $CA8001101085 - At the Request of the Company Pending News 
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@Goldfinger $SSP halted.
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@Rod $SSP
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@Wannabeinvestor financing or drilling update?
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@Wannabeinvestor or, a takeover? doubt it, though.
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@Goldfinger Very good chance it's drill results from Sona Hill. $SSP
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@Wannabeinvestor Last time they halted on drill news the stock disappointed. $SSP
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@Konik Sandspring Intercepts Additional High-Grade Gold Mineralization at Sona Hill and Announces New Discovery of Mineralization at Wynamu Hill http://www.sandspringresources.com/i/pdf/nr/ssp-20170213-nr-links.pdf $SSP #index
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@bulava Good for $SSP with Sona and new mineralization, but is that worth a halt?
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@Goldfinger Look like great drill results for $SSP at Sona Hill.
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anonymous 21 metres of 7.5 grams starting at surface on an exploratory hit is pretty great.
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@DJS @bulava The WYD013 hole looks like a nice hit, but I agree it wasn't worth a halt. Look at how $GQC handled its announcement of a much better hole about a month ago – no halt and simply issued the press release well before market open. $SSP
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@RocketRed $SSP Highlights from results of the remaining 4,568m infill
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@marketwired Sandspring Intercepts Additional High-Grade Gold Mineralization at Sona Hill and Announces New Discovery of Mineralization at Wynamu Hill @marketwired/sandspring-intercepts-additional-high-grade-gold-mineralization $SSP $SSPXF
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@Rod $SSP trades in 5 minutes
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@Goldfinger Bigger bottoming pattern targets C$.65 short term: http://cdn.ceo.ca/1ca3v3m-SSP.V.png+ $SSP
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@Wannabeinvestor @Goldfinger, yeah, nice set of intercepts from Sona Hill. Really high grades for an potential open-pit operation. Let's see once what the resource estimate for Sona will be, but is sure looks like a HG starter pit at Sona is becoming a reality. $SSP, $SBB and $VIT are my optionality plays in the $gold space.
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@Poker Very nice results $ssp
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@Goldfinger Sandspring Shares Surge on Sona Hill/Wynamu Assay Results: http://energyandgold.com/2017/02/13/sandspring-shares-surge-on-sona-hillwynamu-assay-results/ $SSP
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@bulava Agree on the price target - if gold can do $1300 and SSP has a nice estimate, then $1+ is easy IMO
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@Wannabeinvestor Some of these optionality plays actually work at current POG, surely $VIT is no longer a typical optionality play -- they are developing it. Would not surprise me if $SSP went the same way because Sona likely will improve the economics meaningfully.
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@Finanzr I think Katusa said something along those lines: "What is the value of an optionality that never gets built? Nil!" I am no geologist or engineer, but if Sona Hill sketches the pathway to mine at current gold prices, I expect a significant re-rating (probably to early to tell). $SSP #optionality
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@MiningBookGuy @Wannabeinvestor @Finanzr - good thoughts here! wish i bought a bit more $SSP, but i really like this news for the reasons you're describing. i am pretty sure i said something comparing $SSP and $VIT in a skype session i had with @thenextbigrush and @Jayfire, but i don't think that section was published. in any case, i do like comparing $VIT to $SSP, because i think $SSP was a far better value at the end of last year if you were willing to take the additional #geopolitical risk, and believe that they could find these high-grade satellite deposits. not to take away from $VIT potential (which is perhaps the better #takeover candidate in the short-term). but it made for an interesting thought exercise for me, and also how both of them are not just #optionality, but 'near-optionality' plays (as @bulava is saying), likely only requiring gold to go up ~$100-$200 for massive changes in the economics. that's my favorite type of #optionality right now!
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@Finanzr Yea - in retrospect I also wish I bought more of $SSP. And several other stocks. But I like to ease into positions - which might not be a good strategy in quickly moving bull-market. But I will not change that habit :)
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@Rod $SSP What a day this optionality play had today. I have held this company since November, and the reason I bought....they have 10 MM ounces of gold. Silver Wheaton involvement and last but not least Frank Giustra has a large stake. Today was a huge move, but in my honest opinion it is very cheap. The fact that they have 10 MM ounces of gold is amazing in its own right. The prospectivity of there land package is whats going to drive it much higher. Now that they are developing these satellite deposits with much higher grades its a game changer. Imagine a cumulative grade of 1.5 PPM AU @ 13 MM OZ.
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wannabeinvestor It's very cheap compared to other advanced exploration/ early development plays. People see it as an optionality play. Also some consider it an exotic jurisdiction. Guyana is English-speaking, common law country... $VIT was my eye-opener, once they put out the FS which showed reasonable economics at 1250 POG. The economics were boosted by the small starter deposit... very similar storyline here. The difference is $SSP is not permitted yet, but they have 4x the resources $VIT has... in fact on in-situ basis I cannot think of anything cheaper than $SSP.
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@Pierre $ssp !!! Such a good news today .. Best optionnal play out there
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@ggallant $ssp been on board since .19, I'm dumb as a rock, but tell me Giustra is involved and I'm in!! Bet on the jockey!! Friedland is gonna fund my retirement!
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@ggallant and no, Friedland is not in SSP, was thinking of what he's given me in IVN, CDB, GXU and KZD.... lol, I know nothing, but I'll ride on winnners coat-tails every day of the week
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@DJS Just compare $SSP's MC to that of $VIT, $MAX and $SBB. Way too much of a discount being applied here for Guyana and other perceived risks. $SBB will take off when it gets its long overdue permit, and any of these companies could be taken over for synergistic or other reasons, but otherwise $SSP will outperform these and most of the other optionality plays in the coming months.
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@Goldrush $ssp trying to firm back up
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Anonymous $SSP has an assload of warrants in the money. If not for those, best optionality play out there
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@FundamentalAnalysis Just to add $SBB has that fat royalty on Hackett river people tend not to talk about, that's what seperates it from $VIT, $MAX and $SSP. Some serious value in that royalty.
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wannabeinvestor Not sure I agree @Jayfire. as you know the Barrick's and Goldcorp's of this world are not always the best stewards of capital. They have made disastrous investments in the past. Many seniors fund promising exploration projects and fail. NRN comes to mind, but also the copper play in Canada BHP backed and recently terminated. Guyana is highly prospective, agree. i actually hold both $GUY and $SSP (that's one of the largest junior gold holdings I have) and I used to own $AQI.AX. Dropped it when the disappointing results came in a few months back. It's a lottery. Also got out of $LAT.
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from #aqi.ax,
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@MiningBookGuy @wannabeinvestor @Jayfire @FundamentalAnalysis - first of all, see the original NR detailing the acquisition of these properties by $AQI.ax in 2012: http://cdn.ceo.ca/1ca9lpo-2012_12_AQI__getting_Guyana_Projects.pdf (*note - let me know if above uploaded link doesn't work) #Guyana was NOT at all a hot place to be in 2012. It still isn't...but it's definitely getting there with stories like $GUY and $SSP. I absolutely think this is a case of 'perfect timing' by $AQI.AX to snatch up these properties on the cheap (keep in mind they also got Tassawini which is more advanced but never discussed, likely because it's not of interest to $ABX). Not only was $NEM pulling out from various global exploration stories. But I believe the junior that $NEM was doing a JV with (Takara Resources) was really struggling at the time. It was just a matter of $AQI.AX being opportunistic. @wannabeinvestor - I would not at all undervalue $ABX earning-into Arakaka. Despite the disappointing 1st year results, they are going at in the 2nd year, and very possible we see results that are on par or better than some of the excellent historical results listed in this 2012 NR. $ABX has very few JVs...they are only looking for 'elephants', and no reason to believe they have changed their minds going from Year 1 to Year 2. If anything, I think this is easily the best risk/reward in #Guyana. We aren't even discussing Ianni, which is very prospective in its own right. BTW, I think it's laughable to compare $AQI.AX with $LAT ... very few early stage exploration stories have the amount of historical work and prospectivity that $AQI.AX has. Many, many prospective targets that have not been drilled yet...if $ABX pulled out after Year 1, very likely they would have been replaced by another partner in a heartbeat. I own shares and very biased. But want to be crystal clear that there's no 'funny business' with the $NEM pulling out and $ABX replacing them as $AQI.AX partner. This is the real deal.
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wannabeinvestor @MiningBookGuy, many thanks. I guess what I am saying is I prefer explorers with established resource and 'proven' potential to add oz as opposed to embryo-like explorers. I am sure ABX know what the are doing, but I am willing to pay up for the likes of NHK, BTR, etc since somehow I think there is less risk (potentially less reward, too).
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@FundamentalAnalysis @BrianBitcoinBull I think the point is, if gold prices continue upwards, you can put money in other companies like $SSP which are also optionality type plays yet more advanced and which have more upwards momentum left due to their relatively lower valuation. You just never know Kerrisdale may attack $FF since they are already not neuymeyer fans. Whilst Kerrisdale can't attack $SSP its already quite cheap. The idea is there are better companies around from a valuation perspective. I would disagree that fundamentals don't matter, ultimately it always does. If you look at Amazon, the market is pricing in that Amazon will continue to grow rapidly and generate profits. Throughout these years it has been delivering sales growth and more recently showing profits so fundamentals are actually beginning to play out, but now its pricing in even more future growth etc etc.... same with facebook which was at a p/e of 100 when it listed, but based on its current earnings, and original listing price that comes down substantially. So those who took a bet on it around many years ago were correct in seeing facebook being able to monetise..... First mining main thing going for it is gold prices going higher, but there are other companies which will rise should that happen to, which are relatively cheaper.
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from @fundamentalanalysis,