SPQ is going to be massive this year imo, one of the best nearology plays for colbat, nickle and zinc and is valued as a shell so very little downside imo. I would put it as a tip but its a bit early yet imo as it has just raised almost 2 million dollars so will need to churn a little first, but I will tip it latter down the track.
over subscribed placement at 0.009, currently trading at 1.1 cents I brought in today. there is also a rights issue underway as part of the raise.
I'm very interested in the new cobalt prospect the Greenvale prospect particular in the lucky creek project.
cobalt, nickel and zinc all high grade and only 12 km's away from the SCONI project that was a company maker and Disallowed for AUZ. now with a MC of 350 million, the SCONI is simular in size to CLQ project that has a MC of 950 million.
and SPQ is only a MC of 5.5 million lol,
before the raise just now only had 463 million SOI
TECK resources is the biggest company in cananda and is the largest shareholder holding around 12% of the company, TECK is worth around 65 billion dollars and is a key partner for SPQ
all up top 20 and management hold 70% of shares on issue.
The Lucky Creek Prospect is located 12km west of the Greenvale Nickel-Cobalt Mine and similarly adjacent to the SCONI scandium-cobalt-nickel project (Australian Mines Limited) (Figure 2), which is comparable in size and operationally to Clean TeQ Holding’s Syerston Nickel-Cobalt Project. Compilation and imaging of historical soil sampling data has delineated the Lucky Creek Prospect by anomalously high nickel (up to 1220 ppm) and cobalt (up to 596 ppm) soil values aligned along a northeast-southwest zone (Figures 3 to 6).
Additionally, Superior is conducting a review of expected cobalt potential at its northwest Queensland Victor Project and Nicholson Project (5kms from Walford Creek copper-cobalt project: Aeon Metals).
from the director
Managing Director, Peter Hwang commented “The new Lucky Creek Prospect with its anomalous nickel and cobalt, adds another dimension to the already prolific Greenvale Project: one that we are eager to pursue with a maiden drilling program early next year. With the SCONI scandium-cobaltnickel project and the Greenvale Nickel-Cobalt Mine located only about 12 kilometres away, we were not surprised to have identified high cobalt-in-soil values that clearly delineate a cobalt-nickel
they will be drilling this prospect after receiving funds from the capital raising, I think there will be massive interest in this drill program given its very close position next to SCONI ( AUZ)
also drilling for their other Cobalt, copper project in Victor and Nicholson.
SPQ other projects include
BOTTLE TREE project
is a massive copper play previous hits include
Recent drilling intersected wide zones of copper mineralisation ›
Hole SBTRC001 - 154m @ 0.25% copper ›
Hole SBTRC002 - 26m @ 0.44% copper,
including 5m @1.05% copper ›
Hole SBTRC003 - 56m @ 0.19% copper
the also have a gold project with 85 thousand ounces looking to expand this in the future
I'm very bullish on this one guys. cheers
