SPQ 10.0% 1.1¢ superior resources limited

Ann: Superior Raises $2.0 million to Advance Further Drilling, page-180

  1. 13,833 Posts.
    lightbulb Created with Sketch. 694
    hahaha SPQ is not an investment it’s a speculative gamble. That you think it is an investment shows where you’re at.

    Hey Eyeman. I think that your emotion is overflowing and is therefore affecting your judgment. I reckon that you should take stock (no pun intended ) and have an objective re-appraisal of SPQ. There are many facts to consider, and so you might just want to consider these few facts if you see the buying as a speculative gamble:

    1. Money has just been raised for more drilling.

    2. The SP was skittled so as to raise the money, thus making it look cheap.

    3. It looks cheap (time will tell of course if that turns out to be the case), considering the money situation plus assays awaited from 750m+ diamond drilled Cockie Creek DD7 plus assays from 3 mystery diamond drilled holes at Bottletree plus both CC and BT assessed as porphyries plus evidence that the drilling at both CC and BT suggests proximity to a potassic core in each case plus ...............

    Re Cockie Creek, the 6 Nov ann (re CCDD3) includes this comment by the MD: CCDD003 is the most significant hole so far from our maiden Cockie Creek program. The 248-metre interval of the main mineralised zone, with the hole terminating within mineralisation, is indicative of a potential game-changer for the prospect.

    CCDD7 was drilled because of what was discovered in CCDD3.

    SPQ CCDDs 3 and 7.png



    Re Bottletree, the 19 Oct ann includes this statement: The Company considers that the latest drilling has reached a point that is potentially within “close” proximity to either a source potassic core zone of a mineralised porphyry system or large zones of mineralisation related to one or more of the porphyry intrusions that have been identified during the 2022 program.

    So, on the last day of 2023 and on the eve of what could be a game-changing 2024 (as the MD says above re CC), do yourself a favour and have a clear and unbiased look. You might find that bags could be made at this price.

    Btw, I wish a happy and prosperous new year to all at SPQ HC.

    bugs bunny happy new year.png
 
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