Pappie, the reason I am still in this stock is because of the geology. I can honestly repeat what I said some time back that Steam Engine should be developed to fund broader operations. I was not happy this did not eventuate earlier. I believed that Steam Engine gold would run into Bottletree with significant grades. Later results vindicated my position. I certainly wish there were more results from operations and that management were able to facilitate this development in a timely fashion. Some time back I also had extensive discussions on this site with Mode, (who I do not know) with regard to the geology and likely interpretations; and SPQ's location in relation to the Macquarie Arc which Mery recently posted about.
I do not intend to discuss the geology and models again. I do think there are other players who have influenced the position SPQ finds itself in because the ground is extremely valuable. A likely reason should emerge from the link I post below.
Some insight can be gleaned from the video link which was released 6 days ago in relation to the geology of Bottletree from many perspectives as discussed by several firms operating in the Macquarie Arc, as Merv recently drew our attention to again. It is a long video but full of pointers from many perspectives. It is worthy to watch until the end.
From Merv's post
SPQ Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
