I am actually really interested to see what Peter's next moves are with SPQ. What direction (that it so badly needs) and 5, 10, 15 year plan looks like.
I say this as Peter is in his mid 40's ish, been with the company a while now and he isn't on huge $ (although holds a decent chunk of shares), so you would assume he is trying to make a fortune here with SPQ and build the "empire".
But at what age for him will this come to fruition and how does he guarantee SPQ can stay afloat for another 5,10,15 years and have a real good shot at proving up these resources?
IMO Steam Engine as we have all discussed on here for the last few years has to be the key to fund the copper drilling, along with a few demergers too. the problem I see is actions need to be taken NOW with steam engine to realize the benefits on 2+ years time. This alone will take 2-5 years to start bringing in $, then getting a copper play up and running will take 10-15 years - Peter will be 60 and let's be honest unlikely to still be MD by then, so package up copper and sell like they did with uranium all those years ago to DYL?
I imagine they have better and other ideas but I am interested to see what the next moves are for SPQ.....
just dumped all my thoughts on SPQ GLTAH.
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I am actually really interested to see what Peter's next...
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Price($) | Vol. | No. |
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