Is a Big Discovery.

By whom? SPQ? FWR? UC? Noront?

Two interesting things about Spider Resources:

1) it will be drilling at Big Daddy with excellent EM data, and where we already know there's chromite and PGEs

2) it's part of two important JVs, one (UC Resources) which has just completed three drill holes on two very promising prospects, and another (SKF) where KWG is making a lot of positive noise about its subsidiary - Canadian Chrome Corporation - backed by Cliffs Natural Resources.

Some posters are very concerned about the dilution of Spider Resources through JVs. I like to see it the other way. When this all plays out for Spider Resources, we may have in fact a very positive ending.

I still think there 's a 'multi-bagger' in SPQ. It may not go to $5, but $1 is still a good possibility based on its JVs and Big Daddy.

IMHO

Snug