Hi,Following your links in recent SPM posts, I have a quick look...

Hi,

Following your links in recent SPM posts, I have a quick look at American Vanadium Corp :

American Vanadium Corp Share structure
- Market capitals : US$41m (US$1.60/share ?)
- Cash : US$4m

American Vanadium Corp - Gibellini Project
Gibellini Project :
122 million pounds of indicated vanadium (i.e., vanadium pentoxide or V205) grading at 0.339%, and an additional 16 million pounds of inferred vanadium grading at 0.282%

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And our SPM :
- Market capitals : AUD$35m (@ AUD$0.27/share)
- Cash : AUD$7.9m

In the recent SPM's resource upgrade on 2nd May 2011 :
The combined Measured, Indicated and Inferred Resources totals 3,566 Mt at 0.30% (at 0.23% V2O5 cut-off grade) in the three deposits, comprising a Measured Resource of 201 Mt at 0.33% V2O5 , Indicated Resource of 826 Mt at 0.30% V2O5 and an Inferred Resource of 2,539 Mt at 0.3% V2O5.

Included within this combined total, there is a high grade zone of 1,541 Mt at 0.35% (at 0.23% V2O5 cut-off grade), comprising a Measured Resource of 115 Mt at 0.37% V2O5 , Indicated Resource of 298 Mt at 0.35% V2O5 and an Inferred Resource of 1,128 Mt at 0.35% V2O5

It is amazing that while American Vanadium Corp's resources are measured in million pounds, our SPM's resources are measured in million Tonnes.

With the same range of market capitals as American Vanadium Co., but our SPM's resources are more than 1000 times larger, also better grade in high grade zone. Do I miss something ?