Papstock, at 8c, Spq would be around 150m cap. I think 8c is a nice number, would add 800k more cash.
Keeps the fund raiser vested also.
CXO raised at 6c, pre finalising there lithium mine, there raise got them farther, they announced green light to mine, moved up to 30c, did another raise and debt funding to cover plant. Now 60c plus.
I see similarities in path for Spq to cxo.
If Spq defines a decent recource at bottletree, just as cxo did, we should get a re rate at various stages.
This naturally requires spq to define sizable resources at bottletree.
Spq is 70m cap, cxo is 1.5b. Cxo was under 30m in early stage, as spq was until recently.
SPQ Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
