SPQ 6.67% 0.7¢ superior resources limited

SPQ chart, page-632

  1. 4,983 Posts.
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    Food for thought with regard to Bottletree and comparing with another company I checked today, where the expected grades are much, much lower. Value is determined by the tonnage even at low grade. V= P x Q. SPQ are expecting higher grade up to 3% and maybe 1% CU. To contrast that with this other company its economic at .24% CU with tonnage. Yes it has far less shareholders and has not been developed yet. Its price sits at 36 cents. Even if SPQ had 5 times more shareholders and for a rough comparison value would SPQ lie at 7 cents as it stands if Bottletree is economic? Given a higher grade expected and a sound tonnage to be ascertained and future demand for copper then the future price will be multiples of the current and could expect somewhere between 10-15 cents in the near term and higher with development. Just maybe the grade will offset the number of shareholders and so it could be reasonable to expect a higher value again That's just Bottletree. It just appears to me how incredibly undervalued SPQ is and does not include other near term developments such as the gold in Steam Engine and Eastern Ridge. Noise we are seeing in price is just that, noise.

    https://hotcopper.com.au/data/attachments/3826/3826680-ff79c0ab8a953c92881383b56b2a7b48.jpg

 
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0.7¢
Change
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0.7¢ 0.8¢ 0.7¢ $6.784K 965.0K

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No. Vol. Price($)
5 3093441 0.7¢
 

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Price($) Vol. No.
0.8¢ 1943460 4
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