Hoov has written in a post on the Noront board something which is important for SPQ shareholders to read:

"Spider Resources actually hit chromite way back in spring 2006, on their Big Daddy claim block, but it was little noticed by anyone. They did a full PGE panel on the narrow chromite bands, and came up with a platinum:rhodium ratio of between 4:1 and 5:1 over four intercepts. That is extraordinarily enriched in rhodium. High-grade rhodium-containing ores in South Africa are usually no better than 10:1, and SA is the dominant world source of rhodium. (I raised the Spider assay results with Dr. Mungall at the Noront luncheon in May. He was very excited to see the enrichment in rhodium. Apparently, he had been mulling over doing some extra assays, and my question (and the assay tables) got him excited about doing some further investigation. But, hey, we're talking an academic mind, here. Who knows if anything came of it.)"

Spider Resources along with KWG Resources (and UC Resources) have a set of clear numbers for not only chromite but also for PGEs, the rarer 'iums', and nickel/copper.

Given the present economic environment, a positive change in Spider Resources and its share price is not going to happen in the short term. For the long term shareholder, hang in there because I believe that the fortunes of SPQ are intimately tied to those of NOT and FWR.

It would be'hoov'e the reader that hasn't read Hoov's post on the NOT board to do so.

IMHO

Snug