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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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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

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Message: Spider Resources - let's review where we are and where we're going

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alteridem

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Re: Spider Resources - let's review where we are and where we're going - YK

in response to Re: Spider Resources - let's review where we are and where we're going - Aabfab by yellowknifer

posted on Aug 01, 09 01:08PM

Hello Mr. Danny

I'll bite.

You posted:

"by the way, even if we hit it really big on the "big daddy" lets say we find nickel and gold too !! ....well FWR will get 50 % and maybe more.

while SPQ WILL GET around 22.5% ..."

With present ownership interest on these claims at 50/25/25(FWR/SPQ/KWG), what scenario or event do you forsee taking place which could actually decrease SPQ's %?

There are provisions in the Jv agreement for SPQ/KWG to increase ownership %....but decrease???

Thanks

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