❗SPARTAN METALS HAS NOT PAID FOR THIS VIDEO. Terrahutton doesn't only make the invisible, investable, they also sponsored this video, making it free of YouTube ads: https://www.terrahutton.io/.By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication. The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.Read official company filings on www.SedarPlus.caTimestamps:00:00:00 Chapters00:00:12 Very Important Warning00:01:03 Spartan Metals Company Overview00:04:03 What's the strategy for advancing both projects?00:08:32 Has the CEO made shareholders money before?00:10:55 Does the CEO have real skin in the game?00:11:46 Is there cheap paper?00:14:09 How is Ridgeline's second tranche structured?00:16:02 What royalties sit on the projects?00:17:36 Where is the rest of the paper?00:18:31 What is the land and ownership status?00:19:04 What does the Victorio option require?00:19:56 What are the change of control fees?00:21:22 What KPIs does the board set?00:22:40 Why did nobody buy Eagle before?00:26:36 Why did previous operators walk away?00:27:27 Will Spartan chase the same narrow veins?00:30:05 How did the old operators recover tungsten?00:31:44 What recoveries can modern metallurgy deliver?00:32:43 When will Spartan publish metallurgy?00:33:09 Do the old workings carry liabilities?00:35:50 Why did Victorio sit idle 13 years?00:38:23 Does Victorio's past create any liabilities?00:39:10 When will Victorio's economics be clear?00:39:41 What's the biggest unanswered question in Nevada?00:42:59 What's the minimum drilling needed to prove scale?00:46:16 What drill spacing does this program need?00:47:04 What grade would count as success?00:48:38 What are the odds of success?00:49:07 What would total failure look like?00:50:08 What happens if the drills miss?00:53:08 Does Victorio's resource survive current drill spacing?00:55:45 How reliable is the historic data?00:58:19 How is the budget split between projects?00:59:18 What milestones does the treasury buy?00:59:44 How will Spartan raise money next?01:00:39 Any news before the free trading date?01:02:40 What keeps the CEO up at night?01:04:58 What does site access look like?01:08:04 Where does water come from?01:10:12 How sensitive are the projects to tungsten prices?01:12:31 What's the biggest geological risk?01:15:01 Which tungsten peers is he watching?01:19:13 How will Spartan market the company?