the whole point of mining steam engine is so we can accelerate the exploration and development of all our other tenements in this lifetime shady. That’s what you want as well so I’m surprised you keep trying to justify the slower route.
The income from SE will allow SPQ to fast track Bottle and Cockie with significantly less dilution. If they are feasibly mineable we won’t be talking a simple operation and processing flow sheet. SE should be well and truly mined out by the time Bottle and cockie are being mined. We’re talking a lot more deep drilling, met work, a more complicated plant and mine design. Like you say, spq won’t be able to do this alone, but the cash we will have coming in from SE will put us in a much stronger negotiating position, giving shareholders a much better deal and longterm value.
But if SPQ is still diluting the register to the hilt and in a similar position as it is now then why would any major want to form a JV or partnership when they can just wait to pick us up for nothing or buy us out for relatively nothing. What sort of takeover offer do you think spq could be picked up for now? Not very much shady.
SPQ Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
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