Spur Ventures Inc SPVEF

Secondary Project

[jedd2]

It seems obvious that Spur mgmt need to find a secondary project in a friendlier jurisdiction.  It almost doesn't matter what it is as long as it has a good business model as a foundation and has merit, but since their expertise is in the fertilizer sector, it makes sense for it to be a potash or phosphate project(s).  Companies with potash and phosphate interests are riding a wave of optimism right now and we are not participating.  Our shareholder value is dreadful at best and a few long time shareholders have already bailed, for good reason.  I believe the Chinese likely want more concessions or this would most certainly have been done a long time ago.  Rob Rennie needs to face the facts.  Having another project would not leave us solely reliant and dependent on one project in an unfriendly environment.  A poor business model at a minimum.  Even if the mining licenses are eventually transferred, what will they want then?  Another project in the Americas would at least give the company some options regardless of what happens in China and almost certainly generate some shareholder value.  The market climate out there is good right now and it will not always be so.  Spur mgmt needs to take advantage of these market conditions.  They cannot waste another year.