Its unfair to compare with BGL at this stage as they have a significant high grade resources >1.5m ozs, 4 drilling rigs, and a new lode discovery nearby.
However if we compare at similar stages of exploration, SPX have found a very comparable grade and length core with it being half as deep as BGL. The remaining 24 assays will obviously determine the size, grade and depth of resource, so still plenty of risk for now. Holders are obviously betting its a similar resource to BGL but at hopefully shallow depth.
Hold.
Ann: Further High Grade Assays at Penny North, page-108
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