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: For new and not so new investors to SPQ

Yes, you can afford to buy more SPQ shares than FWR based on their SP. However, I think you may be underestimating the impact on the SP of FWR. Remember, a find in JBL on the FWR JV (where SPQ is drilling now) will have a higher impact on the SP of FWR, based on their 35% interest in the JV (vs 32.5% for SPQ) AND their adjacent property with a 100% interest.

The percent increase for SPQ to hit $3/share is 2500%, and I agree that is quite possible. However, for FWR to hit a similar percent is $9/share, which I also believe is possible, given both their JV and 100% interest in JBL, plus their interests in Windfall and New Brunswick gold mines. There is a current disparity between the majors and juniors on SP for gold mines that will likely be corrected once the markets settle down. This will likely result in the SP of FWR moving independantly of JBL news.

Don't get me wrong! I love SPQ and have most of my eggs in their basket - I have 481,000 shares, at an average of $0.11 each. Although late getting into the game, I also have 52,000 FWR, at an average of $0.38. I would like to even out the distribution or even take a higher position in FWR, but at this stage of waiting for the imminent NR, I am holding steady. If I can this week, I will be buying more FWR.

Both are great companies, but take a look at the whole picture before you decide on how to proceed to cook your eggs.

Share
New Message
Please login to post a reply