1SPA should be 1.5 to 3 BTC. GDP of Spain is 1.35 Trillion USD while Iceland is only 14 Billion USD.
Hey I will sell you SPA coins for 0.5 BTC each so you can make much profit
Its a great deal for you, please contact me
I predicted the value of Aurora to be 70 USD in another forum. In fact Aurora touched 96 USD. Now let me give you some facts. The currency circulation of one country is about 6% of GDP. See this http://jerrykhachoyan.com/currency-in-circulation-as-a-percent-of-gdp/. In 2012 GDP of Spain is 1.35 Trillion USD. See this http://en.wikipedia.org/wiki/Economy_of_Spain. That means 6% of 1.35 Billion is 81Billion USD. If for example we just use 30% because Spain still have its own Fiat money in circulation now, that means 24.3 Billion USD. Now divide that by 50Million coins. You will come up with 486 USD or .78 BTC. Now in the future if all will use this currency that means the value should be 81Billion divided by 50M coins which is 1620USD or 2.6 BTC at currenct exchange rate.
I just want to make this clear to everybody, I do not think mining this coin is a good idea with the copyright issues, but for those who are investing time and money into it, I want to at least help you. The source is on github but I guess the creator is holding it back, little does he know a simple search will allow you to find it...