The announcement is major IMO. We have a resource upgrade of overall about 40% (Solver and Gold), add to this a price of gold and silver having gone up some 50% over the last 4 or some months.
From memory and I am not going to dig this out but there was a concensus that the stage of exploration that CQT was at that 6 months ago fair value was around 75 cents.
Given the POG since then this gives Fair value of at least $1.
Given the resource upgrade we now have a new fair value of about $1.40
Price of recovery and the like has also gone up of course so lets just say $1.20 per share fair value at thsi early stage.
Take a look at the SP ??? 44 cents !!! For crying out loud.
If I were GF I know what I would do !
resource upgrade and increase in holding, page-4
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