Now for the icing on the cake POS MOU deal, page-19

AQQ has been cheap/undervalued for a while and i could write a book on the reasons why. The deposit has its challenges, but the reward for the miners who can crack it is huge. I'm thinking the great initial results from Mulwarrie helped make the decision to merge. That, and being offered 10% of the company for 1.6c from a distressed/forced seller. I.e HIH/SOL wanted out and with such a large parcel were willing to take a loss to do it quickly. This all related to the implosion of Hunter Hall/Peter Hall fiasco.

You will note SPI paid 1.6c for 10% of AQQ and quickly agreed to a merger at about 4.5c, a much truer reflection of the value. One thing AQQ was missing was a credible management team with development experience, that hole has now been plugged.

Mulwarrie is about 65km from Aphrodite, so some form of joint processing plan is likely. Mulwarrie looks to have some high-grade ore that would work well with Aphrodite. I'm interested to see how this pans out.