Good stuff, John.

If Neil Novak is correct and chromite/ferrochrome is a strategic mineral, then we are sitting on a possible 15 bagger (SPQ alone) using Khareema's numbers. (This is without considering any more PGE finds on the Freewest Option property.)

But... but... SPQ's share is 25% of the Freewest Option mineralization at this time (I believe that this is the correct JV percentage). So we're looking at a more realistic 18-19 cents as a share price.

However, I honestly think that there will be multipliers in the share price scenario because the chromite story is not just about SPQ (although SPQ is funding the "chromite 43-101"). Any "major" interested in chromite will want the complete 14 km strike length (which includes NOT and FWR 100% owned land). Possibly 100s of billions of tons.

Therefore, I think the "blue sky" share price is at least 10 times the 18 cent number for SPQ's share of the Freewest Option chromite. Just my gut feeling. All we need is for the USA to survive its economic "crash and burn". 12-24 months in my estimation.

At this time I will be happy with a doubling in the SPQ share price over the next month. A steady appreciation to 18 cents in 2009 would make me happy. Anything more would be a big bonus.

All IMHO.

Snug