firstly: a big thanks to "JD" ....the analogy on the NOT news is right on and much appreciated.
secondly: with this very substancial verification of more deposit in the ground and the fact that chrome is 6 bucks a pound (twice that of copper) ...we still wittness our neighbour NOT going down in share price !!!
WHY ??? well it ain't because of daytraders !
its because of market sentiment ...and i mean the METALS sector.
take a look at the whole junior metals exploration sector ...all the charts look alike ...just like SPQ !!
...AND most of them DO NOT have a daytrading problem like we do.
in sumary >>> i just think it is best to stay balanced in our assement of why we are at 7 cents.
it is mostly do to a very weak metals sector ....the daytraders just make it worse....
in my last post i put SPQ' s fair value at around 25 cents.
i think the metals sector is responsible for cutting somewhere of 10 to 15 cents off that ...lets say that brings us to 10 cents.
the daytraders clipp off another 3 cents ...and there you have it ...our currant price of 7 cents.
in any event.... this price represents a great opportunity.
there are many more months ahead of further drill results and growing prospects for buy-outs of the big three in the ROF: NOT -- SPQ -- FWR
WE ARE IN GOOD HANDS ...and posititioned very well in the ROF.
after yesterdays news of massive chrome deposits, i think it's obvious that an economic deposit is present in the ROF, ESPECIALLY if we consider the great drill results SPQ has had over the past 10 years.
cheers ...danny
