Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Ontario Budget

Ontario Budget

posted on Mar 25, 2010 05:08PM

It also directs energy tax credits and training money to Northern Ontario, committing $45 million for economic development in the region.

Read more: http://www.cbc.ca/canada/toronto/story/2010/03/25/ontario-budget-duncan-main.html#ixzz0jDzLPnYf

Peanuts. Let's say that some how Spider got one fifth of the value of this initiative (a bit of a stretch, considering how many parties and corporate entities are involved in work in northern Ontario). That's $9m. Divide that by around half a billion shares, and that means that the announcement would be worth, at most, 2 cents per share. But that's assuming that SPQ could get 20% of those direct benefits.

However, having said that, this can help lay the groundwork for more development, which is more important.



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