Hard to work out the financial impact of a surging AUD gold price on SPX, however it adds to the 'what if' scenario i.e. possible superpit/ potential tonnage and grades.
Great observation by Unsinkable re: unlisted options. If these get exercised, it will add another $1m to coffers, which will allow SPX to continue drilling and possibly add more ounces to the JORC.
My guess, they'll have $550k remaining by end March'19 + another $300k of options money, with the aim of building a combined resource of ~500k oz before the cap raise. JMHO
Accumulating.
Ann: Further High Grade Assays at Penny North, page-102
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