Copper & Nickel, page-258

Bruham, I have seen much worse. What we can say, even with incredible delays, some of course from left field i.e. Covid, labs and from market makers and predator's often linked to market makers and negotiations who have the tough economic environment as leverage, the asset base has grown significantly and has been meeting expectations based on results that have come from operations to date e.g. Steam Engine, Bottletree and Cockie Creek. The asset base is fundamentally undervalued at present. The company has been run on a shoestring to date. The time IMO to increase capital leverage is when they confirm their expectations from drilling.

The catalyst for growth is of course further discovery for a spec mining stock. If we cast our thoughts back, the theory that porphyry deposits lay in these tenements was "poo-hooed", by some experts as non existent. Peter has proven to be right, that indeed there are porphyry deposits in SPQ tenements forming a huge arc and Bottletree for instance has multiple fingers both in depth and economic grades in just the wall rock. Lets not forget the other side benefits either, e.g. high grade molybdenum and gold. SPQ is currently on the hunt for the cores in this drilling program guided by considerable porphyry expertise. It takes time. Of course their other tenements hold nickel, copper, cobalt, zinc, lead, silver and uranium. That's sound collateral once they know what they have following up the porphyry cores. I put my money where my mouth is because I am confident it will play out for substantial gain. If I lose, its only part of my portfolio and accounted for by risk management of the whole portfolio.