no brainer of 2011

After much research it has come to my attention that this could well be one of the "no brainers for 2011".

130 million heads
M/C $56 million
Cash $9 miilon
EV : $45 million

Serveral new and old substantial holders from huge world wide companies.

What do you get for $45 million?

SPM have a resource that is currently one of the largest v2o5 resources in australia and soon to be THE biggest V2o5 resource in Australia. Currently bosting a massive 3.159 BILLION tons of v2o5 at .3% grade with the upside of an extra 2-5 BILLION tons of v2o5 which will be calculated once the current pending assay results from the 15,000 meter drilling campaign are released and interprited.

In addition to the v2o5 the current assay results pending from the 15,000 meter drilling campaign will also be tested for copper, gold and silver, which past rock chip and soil samples suggest could be present at depth.

Any additional resource elements will add significant value to the company and add one more iron to the fire.

The tenements also contain a high-grade, high-quality fluorite deposit with Indicated and Inferred Resources totalling 6.7 Mt at 24.6% (at 10% CaF2 cut-off grade), comprising an Indicated Resource of 4.1 Mtat 25.3% CaF2 and an Inferred Resource of 2.6 Mt at 23.6% CaF2.

Along with all this the company states that reccently, Attendance at China Mining (November 2010) generated significant interest with a number of parties and the Company has now begun a process of supplying detailed technical information and samples for these companies to do there own testing on.

The company also states that it attended pre-organised mettings with these companys while in china to further talk about the possibilities of a material outcome pending Due Diligence from interested parties.

SPM is a true growth story and with grow comes value. I can see the value of the stock increase significantly throughout 2011 as the v2o5 resource is upgrade to australias largest v2o5 deposite, new elements like copper, gold and silver are discovered (which we will find out very very soon) and the possible jv or sale of the v2o5 deposite which im sure will be worth many multiples on the current share price. Not to mention royalties aswell.

Low market cap.
Huge deposite.
Realistic potential to double the deposite size from pending assay results.
Plenty of cash.
Good management with a view to adding shareholder value.
Big name substancial holders.
Chinese companies lurking in the back ground with there eye on the massive deposite.

All this equals future growth.

SPM would have to be right up there with the greatest stocks of 2011 and its only a matter of time before more people find this company and its massive potential, after all the market is valuing TNG at $39 million with only $2.5 million cash and an exploration target of 500-700 million tones of v2o5 at .3-.4% v2o5.

SPM already have over 3 BILLION TONS at .3% yet TNG are yet to find even 1/6 of that and already valued nearly as much as SPM. Go figure!

SPM = NO BRAINER.