Once SPX decides to exercise its option over the Washington Gold...

Once SPX decides to exercise its option over the Washington Gold project which should not be far away the market cap will rerate significantly IMO . As the company stated in the last update “ it is on schedule to complete its due dilligence period within the 3 month exclusivity period !”

Historic drilling has definitely thrown up a large number of high grade drill intercepts and further exploration could reveal further mineralisation. This could be a company making project for SPX and with a market cap of 6 odd million it represents great value IMO and with successful exploitation of existing veins and the possible discovery of new veins this could easily cap the company @ 50-100mill ( 10-20c) depending on dilution . Gltah