Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

Free
Message: Talk with Neil Novak - Feb. 13/08

Gee Snug I thought you were posting on the Noront formum for a minute there, $1 per share!

Might sound extreme however I well remember when Noront wasn't a lot higher than 12 cents and I left a pile of Noront shares sitting because it wasn't worth selling them. Spq at $1 is equivalent to Noront at $2,since Spq has more outstanding shares, and we all remember Noront running to $7 on one good deposit, who will ever forget that ride

Right now investing in Noront or FNC has a lot of speculation and risk premium built into their share price, in dollars not cents. Taking a flyer on Spq at 12 cents with drilling upcoming could easily turn out to be even to talk about within a few months. We're not talking about putting the kids education money in but I see the risk/reward in favour of taking a good position. Downside even if nothing comes out of 2008 drill season might be 8 cents but upside could easily be that $1 or even more.

Don't let this go to your head Snug and post upping your call to $20 tomorrow, OK?

Share
New Message
Please login to post a reply