SPQ 0.00% 0.8¢ superior resources limited

Digin, they never stated results would be released in 3 weeks, 6...

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  1. 5,642 Posts.
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    Digin, they never stated results would be released in 3 weeks, 6 weeks ago.

    They stated "we" will recieve some assays.

    I see no point in a release why a delay, when there is no delay.

    The last release took time for good reason.
    An extra 300m hole depth, also deviation in azimuth by 150m over a 400m length.

    We know by deviation alone, drilling maybe 3m an hour at best.

    The geo needs to be on site to log cores, I doubt Peter as a field geo would be.

    From there, to lab. Due to complex nature I bet a geophysasist is involved.

    Spq is not drilling up a simple sulphide deposit that is easy to interpret.

    At the moment, holes are info gathering, this is tedious compared to resource holes, because you need to profile the ground to find your deposit.

    The longer news takes, the more involved facts will be.

    Imagine if the news contains cu porphyry discovery?

    Well worth the wait.

    Basically if you hold Spq, you need to get used long leed times on news and view your investment as long term.

    They have done 6 holes basically at bottletree, all recon.

    To drill out will take another 50 atleast and will take many years.

    I have sat on cxo for 4 years for example.

    Not once have I inpatient as I know these things take time.

    There have been mentions spq may get picked off cheap because news has not pushed up the sp.

    Spq rerated ftom the 1.3c area on steam engine resources boost, then rerated on bottletree and it will rerate on cu porphyry find there.

    Also Spq compared to other cu, is they have porphyry, not sulphide.

    There deposit starts surface, not 100m deep.

    There drilling is though mineral, not across it. True width.

    To me bottletree is different to most cu explorers projects as per above.

    38% of spq is held by the top 20% and I bet another 20% by the next 50 easily.

    Also rio will not move if it does, big miners generally like de risked and will happily pay more.

    One should simply be patient. Once you loose your cool you loose generally.
    Last edited by mode1971: 14/10/22
 
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