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ANY FOLLOWERS OF THIS COMPANY ? THEY ARE A VANCOUVER BASED COMP. DEVELOPING A MASSIVE PHOSPHATE DEPOSIT IN CHINA IN A JOINT VENTURE WITH THE CHNESE GOVERNMENT. PHOSPHATE IS USED FOR FERTILIZER AND DEMAND ALONE FROM CHINESE AGRICULTURE ACCOUNTS FOR 25% OF WORLD CONSUMPTION. SPUR NEEDS NO FINANCING UNTIL LATE 1997, AS THE CAPITAL OUTLAY FOR THE PRE-FEASIBILITY STUDY WILL BE 700,000. CURRENT WORKING CAPITAL,REVENUE FROM BERKLEY PETROLEUMS,AND THE EXERCISE OF OUTSTANDING WARRANTS CAN COVER FINANCIAL NEEDS UNTIL CONSTRUCTION BEGINS. TAKEN FROM AN INSERT IN INVESTORS DIGEST TARGET OF 9.00 SET BY GLOBAL SECURITIES. ANY INPUT GREATLY WELCOMED. |