Bas, I just have to back you up with a summary of the prospects which Peter has laid out before. There is a wow facto here, it is not arrogance but confidence based on facts.
. SPQhas focused on big targets and executed the pickup of current tenement around Greenvalein the last downturn.
· Itsnot a, “catch cry”, as Peter says, they have discovered two new mineral provincesin Queensland i.e. porphyries and Nickel sulfide which supports Ken Harvey’sview of porphyries were to be found in Queensland. Ken is a major shareholder and a mining legend as a geologist who once was at the helm of SPQ. Love to see his work fulfilled. Esra, has more knowledge here.
· Currentlywe are looking at $9,438.24 per ton (imperial) for copper at it is expected togo over $11,000+ a ton.
· Perfecttiming for SPQ.
· Bottletreewhich is roughly 2x2 kilometers is being nailed at the moment but is 1 of 5porphyries in the Greenvale tenements. While we think Bottletree is big at 2x2 square K it pales into insignificance compared to the balance yet to be explored with further drilling. Importantly there are two new provinces – a copper gold porphyry province and a nickel sulfide province.
· Twonew porphyries will be drilled after Bottletree, but the most exciting project forthis year is the nickel sulfide at Greenvale with further drilling. The surge in nickel pricesbeing sustained. That should top Steam Engine gold and Bottletree copper which are company makers in their own right, IMO. Steam Engine will contribute to an early revenue stream. As Bas looked at the last AGM, the economics at old gold prices is outlined and very profitable.
· SteamEngine and Eastern ridge are revenue kickers with shallow, easy dig, high gradegold with upside for extension.
· Theboard has plenty of skin in the company which means they will drive it forsuccess because they have always been heavily invested.
· Thecapital is structure is tightly held as can be seen in low volume trades on thecharts when the general market has not faired so well.
· Theaccuracy of their drilling holes from previous planning has been exceptional,hitting copper straight off at Bottletree. Impeccable planning by those who know what they are doing and managed scarce funds accordingly. Grades and length of strike IMO have been more than good for a porphyry, when compared to the top latest finds around the world last year in 2022 and posted earlier by Greko.
· Bottletreeis obviously sound with results to date, but the most advanced in terms of knowledge is actually thenext porphyry to have more drilling is, “Cockie Creek”. A third porphyry in the program is Wyandotte and so it goes on for 5 in total.
· Thereis great energy infrastructure running through the middle of the tenements.
· Onthe magnetics, the Nickel, PGE sulfide is prominent which is also gong to be followedup this year.
· Thewall up porphyry can be very economic deposits in themselves and that goes from surface down to700+ metres at Bottletree, but hole 10 is chasing the core for high copper grades as apriority which is the bigger picture.
· Thenickel project was explored by Anglo American around 2012 but is barely touchedwith the drill because of Queensland Government restrictions, I believe limitedpermitted depth of drilling at the time, but nevertheless they proved a VoyseyBay system exists which has not been recognized. SPQ hold a vast 2000 square k ofit! It is the same as the system that Chalice has in WA has in the Julimar province. Anglo identified over 40 intrusions and SPQ has identified more. Anglo did not drill the best feature!
· AtBig Mag there is nickel, cobalt, copper and PGE’s. All new age metals in demand!
· WhenI first entered SPQ, it was for the Zinc, lead and silver in the NT. They still hold those tenements. Wow! What more can I say, based on fact.
· Rememberthey went for the big prize, not in arrogance as Peter said, but in confidence. Top team, top mentor in Mr. Harvey.
This is why I feel SPQ is the best investment Australia at present, and I know Mode agrees. We are both most discerning. Sometimes it pays to be long in the tooth. 
Put my money where my mouth is.
