John Defur said:
all it's shares out...it means NOTHING...it's the market cap that counts...all one needs to do to bring SPQ in line with the rest of McFaulds players is multiply the current price X2 so .14x 2 =28 cents...and divide the number of shares out by 2 and you get about 150 Million shares more or less an average of mcFaulds Companies shares out...
SPQ's vast Land Holdings at McFaulds are "primo" claims...Novak was the first in the area and choose the best claims for SPQ...
YES some of their claims may end up being optioned to UC...but that's along way away...the FWR/SPQ/KWG claims wherein the layered peridotite with PGE's Chromium and Ni Cu, 3 kms from NOT and showing very similar anomalies...UC has/wil have 0% Int, as well SPQ/KWG have numerous other claims, using the "diagnos" geophysics system, the same one that found NOT's spectacular discovery..again UC has/wil have 0% INT in those....
So there is much more than meets the eye for SPQ...and even @ 26 cents now (shares divided by 2)SPQ is the "cheapest" and best play at McFaulds...
IMCO
JD*
My response
The market cap issue is one many investors just do not get. At the present, Not's fully diluted market cap is close to 500million. When you consider that this is barely 10% in situ value of the estmitated tonnage to date, and every other anomaly they have to drill, all their other projects, NOT'S MARKET CAP IS SO UNDERVALUED IT IS RIDICULOUS. THE ONLY THING HOLDING US BACK IS THE MINIMUM TONNAGE REQUIRED TO MAKE AN ECONOMICAL MINE. THIS IS THE ONLY CARD BASHERS HAVE LEFT TO PLAY. ONCE A SINGLE OTHER ANOMALY GETS HIT WITH SIMILAR RESULTS, THIS IS NO LONGER A SPECULATIVE PLAY BUT A MINE IN THE MAKING AND THE VALUATION OF OUR COMPANY WILL CHANGE RAPIDLY WETHER WE HIT THIS SECOND ANOMALY OR SPK OR BMK OR ANY OTHER FOR THAT MATTER. IF YOU ARE CONVINCED LIKE ME THAT IT IS A GIVEN THAT MINIMUM TONNAGE FOR A MINE WILL COME TRUE, THIS IS THE BIGGEST STEAL ON THE STOCK MARKET RIGHT NOW!!! THANKS JOHN FOR THE COMMENTS ABOUT VALUATION, IT IS MUCH MORE IMPORTANT LOOK AT THAN SHARE PRICE OR SHARE FLOAT!!
Glorieux
