John Kaiser (Bottom Fish) has an interesting read from last August.

http://www.kaiserbottomfish.com/s/Ex...

Here's a quote from him, which - if the latest rumors for Noront are true - may be very significant for SPQ and the rest of the McFaulds Lake junior explorcos.

"In terms of the rational speculation model good speculative value exists in a number of area play juniors, but because the area play dynamic tends to generate excessive valuations once it turns hot, and McFauld's Lake needs a new bona fide discovery to turn hot, the best strategy for now is to pay close attention and be ready to pounce when drilling starts to deliver new Eagles."

John Kaiser has blown hot and cold on the Ring of Fire, but I think deep down (I heard him speak at last year's PDAC) he thinks that McFaulds Lake is the next GCAP (Great Canadian Area Play). He does say the area play dynamic tends to generate excessive valuations; but what is excessive? Certainly not 2.5 cents for SPQ.

Be ready to act if things get hot!

Snug