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

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Message: Re: Scratching my head today..poly you're not on...
2
Mar 31, 2008 10:22AM

SPQ has so much on their plate in different areas that I feel investors won't get a true idea of potential worth until a lot more exploration work is done and assays in. This won't happen in a week or two. Sure we might see some movement but unless a bonanza hole is drilled it's going to take some time.

To me SPQ isn't a short term hold but one to tuck away and look at after a season of drilling/exploration.

Your right though in expecting some price movement upwards as the current market price/valuation seems way overdone on the downside. A run up and hold at the 13 to 14 cent level is entirely possible BUT to go 20 cents or higher is going to require a few months of drilling results.

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