Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Riding the SPQ Train

Oct 19, 2007 10:33PM
1
Oct 20, 2007 04:33AM

Edson...

Get yourself a position.  A strong suggestion.  However, remember SPQ has been, and continues to be, speculative.  Invest what you can afford to lose.  That's always a maxim.

To me five things are apparent: 1) older and newer aerial surveys are showing 10 VMS (volcanic massive sulphides) within SPQ's claim; 2) these surveys show electromagetic signatures of nickel, copper, and PGMs (precious group metals) - the expensive TDEM (time domain electromagnetics) survey - ongoing - is especially good at this; 3) the few drill holes to this point show clear evidence of the aforementioned metals; 4) the upcoming winter 2008 drill program is targeted close to Noront's strike (3000 meters is really a very short distance geologically); 5) and Neil Novak (CEO of SPQ) is a smart geologist.

A good investment strategy would be to get a position, watch the momentum, and if UP, average UP with another buy.  The technicals on SPQ (if you believe in numbers) show UP, and the sentiment is the same.  If we get a press release this week, and it is good, the stock may jump strongly.  It then may cost you a little more to buy in, but heck, you've already made some good $$$$$.

Good luck!

Snug

1
Oct 20, 2007 11:40AM
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