Jackals...

It would be real nice if there was a direct correlation between land holdings (# of claims) and share price.  Alas, this is rarely the case.  At this time and until there are more drill holes, all we know is that Spider Resources has claimed more muskeg than MacDonald's Mines.

SEDAR documents seem to show that Spider Resources is 5 years older than MacDonald's Mines.  Therefore Neil Novak was probably in Northern Ontario looking for diamonds long before most other geologists.  I also have to assume that he struggled to get money to fund exploration.  That's maybe a partial explanation of why there are so many outstanding SPQ shares - he started issuing shares at (maybe) 9 cents in the 1990s while other juniors were issuing theirs after 2000 at maybe at 25 cents (I'm only guessing at this point).

An important point with the regards to the timing of drilling: BMK is now very well funded and it has some high-profile investors e.g., Rob McEwen (former Goldcorp guy, I think).  They've contracted some drill rigs and are aggressive in drilling this Fall.  It's simply a business decision (although it may end up being a good decision for Spider if they strike something good - we could call this the halo effect.)

Just some of my thoughts.

Snug