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09:54
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Originally posted by DavidW:
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Eyeman, it is a question of when the CR takes place and then how it is used. My thoughts are that it is likely to take place after drilling Cockie Creek where management seem confident of good results which may push the price higher. SPQ has the means to drill Cockie Creek which is another porphyry and more advanced than Bottletree. If capital raising is aligned with Steam Engine gold mining, which is shallow and of high grade, then price will get legs IMO. I would think a trial of toll treatment could be in order. We will know in due course. The key to a sound capital raise is to move into production and not just to keep the lights on which is being peddled by one bloke. Far from the latter IMO given alternatives at SPQ's disposal. In the background lies joint venture on nickel and the possibility of selling off other vast assets in order to capital deepen to develop the best alternative. I think the gold is the catalyst for copper exploration and development and is being planned along a critical path for product demand. Juniors always get dragged up with sector price and vice versa too. The copper crunch will come sooner than we think. Like land they don't make more of it. SPQ's tenements are the envy of many. Looking at Peter's style, he is rather independent but he is also well connected. In that context, I do not think obtaining financial support will be an issue.
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David,https://www.mining.com/chile-to-nationalize-its-lithium-industry/ https://peoplesdispatch.org/2023/04/18/perus-coup-government-is-privatizing-lithium-mining/
(20min delay)