that's whyI believe SPA's share price movement is related to MGP's take over. MGP now is valued at 15m dollars by Yamana gold and although the whole dynamic for gold is still negative people will start thinking "wow, it's not just dust" it's still worth something. the major still have appetite for quality juniors.
interesting to notice some other junior golds with decent reserves picking up as well. ME.TO up 36% with massive volume so did SPA. both company have 4m+ oz gold in reserve while market cap less than 10m dollars.
if you guys think SPA is the comparable peer to MGP, why shouldn't it be valued a little bit higher?
don't forget, MGP was once also a 2.5 cents stock not long time ago.