Ann: Quarterly Activities Report , page-5

Hi guild

I tend to agree with you that there seems to be more focus now on the V resource than, say, last year. What I rememnber from last year sounded very much like the copper etc play was going to be the main play, with the V resource divested in its entirety. I now also detect a tenor towards more development of this resource. Could it be the case that the divestment of the V resource has not been that successful? I don't quite have the answer to this, but am happy with the apparent change in direction, as I'm here for the V also. There are just many copper etc plays on the ASX, and I'm not convinced at the moment that SPM stacks up that well alongside some of the others. But the V is a game changer, and I would also like to see the company go 'back to its basics' in that regard.

Also feel that this is now a 'buy' at the moment, since the market will digest the resource upgrade in the next few days.