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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: SPQ/KWG Merger Questions

Hi,

I know this might sound very simple, but do we now have to wait for the SPQ BoD to determine if Cliffs 'new' offer of $0.19 is a superior offer?

It seems Cliffs will just through a few more pennies at SPQ when there is a better offer from kwg (sound similar to the FWR/NOT takeover attempt!?!??!)

From my perspective, I see the merger of the two compnaies as the best option for both (I own almost the same of both)----I am sure some SPQ only shareholders might take the $0.19, but I beleive they are leaving $ on the table.

I am still curious as to the status of:

- KWG valuation that was being worked on?

- how TD was making out with their 'help' to SPQ (I beleive it was TD)?

- the status of the nickel we read about a few press releases ago? Where are the assays? A 2% nickel find would change everything--in a hurry, so NN/FS: get us this info if available

-any major waiting in the wings? I would have to say there must be someone sniffing around

Let's get the merger approved& figure out a strategy from there---we all know Cliffs wants the chrome & have the $ to pay for it

They do have deep pockets with alligator arms, but I am sure there is some way to get the $ if needed

Let's stay together & make sure we get the $ we deserve---I've held since about 2004, so another 6 months is fine with me.

Long & Strong on SPQ & KWG

Trace

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