Hi nakhia. The value has to be much higher than what it is at...

Hi nakhia.

The value has to be much higher than what it is at present, but that low value was created by the Board when it raised $2m at 1.2c. It set the scene for the SP until news elevating the value/SP hits the market via the ASX.

The news that would elevate the value/SP would be money hitting the coffers from a non-share issue source. I cannot see that coming from anything but something to do Steam Engine.

On 31 Jan in the Dec QAR it was stated that a draft report on the Process Options Study being done by Mets Engineering Group p/l was expected to be received in mid to late February. Maybe it (a draft) has been received.

What was anticipated though was that whatever option was considered favourable might require more drilling so as to increase the resource size in order to make it economically feasible. That would be a hurdle for SPQ to jump if true.

Here is the info from the 31/1 report: