Ann: Conquest to Progress Towards Production at S, page-28

re: Ann: Conquest to Progress Towards Product... Vayama,

The resource at the moment is about 2.6mill gold equiv and this plus more will eventually become probable reserves. That means the current 800koz to mine in 6 years could double to 12years or more. If they increase production per annum to say 200koz, this will of course change the numbers to a bigger earnings figure and NPV.

Then the rest of the JV land in the meantime gets proven up by GFA.

So the next two years CQT will not be sitting around waiting for production to happen, there will be plenty of positive announcements to lift the price with the above mentioned.

Good luck with your short term 50% gains right now, but at these price levels backed by the PFS, I feel the risk in investing in CQT has become extremely small compared to a lot of juniors.

Galileo I think you are on the money that part of the delay has been in trying to explore the funding of this project as well. Plenty of ann. to come.