HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Spider to sell shares for 19 cents to Cliffs

Glorieux, that is not a reasonable comparison and I am surprised at that comment. SPQ (and KWG for that matter) has traded between a nickel and $.07 or $.08 cents for what, two years?? I know your point is how low SPQ went for but c'mon use apples and apples. NOT has been over $2.50 as recently as six months ago, $7.00 once.

I know you of all people know this but it is not even close to reasonable.

Best regards,

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