David, SPQ has a neighbour at Greenvale listed as AUZ.
They hold huge tenements full of nickel sulphate, 1.45 million tonnes.
Also cobalt sulphate, 209 thousand tonnes and scandium.
Mine life of 30 plus years and earnings of $5 billion dollars after tax
Their problem is they have no money, bit like SPQ, and no joint venture partners
For years they have begged for a JV with cash to "assist" with the building of the
plant and mine.
The nickel is wanted, but no wants to pay for the mine.
That will be the same problem with SPQ.
The question is, if your wife goes shopping, why would she be asked to put her hand
into her pocket for the supermarket.
I have held TOE and AUZ for years, sold both taking a loss on TOE and a profit on AUZ.
I never down ramp just saying as I see it.
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7 | 5875966 | 0.005 |
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1 | 600000 | 0.003 |
Price($) | Vol. | No. |
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