SPQ superior resources limited

I'm going to need to make some enquiries about what happened at...

  1. 5,499 Posts.
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    I'm going to need to make some enquiries about what happened at SGS because if a lot of the modeled resource is hanging off the previous SGS assay results from the past few years then they might want to get their hands on as many coarse reject samples as possible and get them re-assayed to settle the issue. We now know that there was a QAQC problem at SGS but we don't know if this was a SPQ specific thing or a general thing, and for how long this issue goes back which has implications for the resource estimate. It might just be a recent thing with the news that the SGS lab was closing and QA/QC falling off in the last few months of operation.

    If they hadn't gone chasing rainbows at Bottle Tree and had finished drilling at Steam Engine they could have drilled those SAM TFEM targets at Steam Engine South, and maybe had a mining lease in application and/or even approved already. A good learning lesson for investors about the time value of money, management retaining focus, and not getting distracted by shiny new things.

    Going to have to wait for cultural heritage clearance and still raining cats and dogs out there so not going to be quick, will come back and check in here once the drill rig comes in through the gate at Steam Engine, until then its going to be a whole lot of nothing for shareholders to look forward to.


 
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