You pays yer money, you takes yer chances.
SPQ is a junior venture company that needs to drill to go anywhere with its share price. It needs operating capital (which it has), and it needs exploration money (which it doesn't). You can't raise the share price with a 'balance sheet', but you certainly can with the drill bit.
There's lots of data out on SEDAR on how Neil Novak and the SPQ BOD operates. If you like how they operate, you stay; if not, you go. Either way, the investor is always responsible for his/her own investment.
SPQ = high risk, and perhaps, high reward. Never forget it.
IMHO
Snug