Hi guild,Thanks for your addition, it highlights the excellent...

Hi guild,

Thanks for your addition, it highlights the excellent quality of SPM's vanadium resources, high above the other peers' projects.

While having a giant vanadium deposit with outstading concentrated grade, SPM share prices fell heavily today, nearly -10%, to $0.23 per share. Its market capital now is about $30 millions, and its enterprise value (MC minus cash) is about $21 millions, far below other international peers (e.g. american vanadium corp)

Just a couple of months ago, in Feb 2011, SPM had a capital raising to issue shares to "leading international institutions" at $0.37 per share. These "leading international institutions" must do a good research in evaluating SPM's projects, They are confident enough in SPM to pay big money ($6 millions plus) to buy at $0.37 per SPM share.

Now, 3 months later, after a significant good resource upgrade in early May, SPM share prices fell to $0.23 per share. Hmm ... something does not make sense here. Is it oversold ?