"So what's the game?"

And What has changed!

Best I can say at present is that the SPQ - KWG relationship is one matter.

And it seems to have had a strong work over over the last year as KWG came to realize they were out of their depth when it came to Base Metals and Precious Metals. Consequently recruiting some very decent Expertise in that department while separating their Diamond Prospects from their slow to understand/realize (very slow) Pot of Gold, so to speak. The Metals! They were then in need of considerable new cash to keep their Interest in the Base/Precious Metals Prospect(s), Thus, Enter Cliffs.

SPQ on the other hand have been very capable and competent working the Diversity of Prospects and equally able to allow KWG to force them into the Current KWG/SPQ JV agreement. And NOW, given the Cliffs Option with KWG, there may (or may not) be good reason to further up the stakes (cash expendatures) with respect to the JV agreement??? But as likely there very well could be an Agreeded To Plan of Action between SPQ and KWG to quickly Max Out on the FWR RoF JV Prospects much sooner than initially anticipated due to multiple Factors. Among which the potential for a Move by a Major on FWR has reasonable potential - see FWR's promotion activity of late. What kind of Move is not yet determined, but quickly proving up the Real Potential of the FWR JV Property can only allow for vastly increasing the total Value of Resource due to both KWG and SPQ.

As for the Bigger RoF Pictuer, there are too many possibilities to consider to properly mention and give any justice to, here and now.

As for the proposed SPQ PP two major items are worth mention now. There are several more of equal importance but too tanglely to attempt in one Post.

First, there is absolutely no indication that there is a Single PP Purchasing Party. Given the track record to date it is much more likely that there are several Someones expected to buy into the proposed PP. That does not exclude the probability of there being one Someone interested in going in to the PP with the aim of having 9.9% interest in SPQ. If so, I suggest this Someone is a relatively new comer to the RoF and likely has no appreciable stake in SPQ at present. And otherwise, several other interested Someones, likely already well invested in SPQ, are equally interested in maintaining their current % stake in SPQ.

Secondly, given the very recent unequivocal proclamations respecting SPQ's Planed Intended 'course of action\ in the near future, which specifically excluded doing any such PP, to have this PP announcement put upon us NOW means that either Neil Novak is being pushed out SPQ's Front Door OR something has changed, due to the KWG Cliffs Option or interms of this and the Bigger RoF Picture. I think it is a bit of both. And with this CHANGE some of the Silent SPQ supporters (larger Share Holders and advisors to Dorectors on the SPQ BoD) are looking to TOP UP on Very Inexpensive Shares, the easy way, while providing new (and currently unneeded) Cash for potential much increased Exploration Activity.

Or is this just an alternative to the justifiably Failed Reverse Split proposal at the last AGM where the planned follow up PP then would have given these very same Silent SPQ supporters the increased Control they then sought. And by getting inexpensive Shares at that time via the PP Follow-Up to the proposed Reversed Split, these individuals would also be gaining much monetary Windfall, and basically at the expense of ALL other Share Holders. Without entering the Open Market to Buy the Shares.

The lack of information on this proposed PP and its announcement in contradiction to ALL that has been stated in the very recent past is creating a problem!

Old Joe