Ann: High-grade Copper, Gold and Silver Results from Mt Chalmers, page-5

I thats a little unfair "blueskybaby". Market cap $35/40m with good and growing resource looks cheap. I think the zinc and lead very high grades are really significant. Being a con every additional ounce is important, and I've no doubt QML will be pushing hard to get this either into commercial shape, or to be well understood enough to justify a bolt on. Its early days in the program, base metals and particularly copper are in a long term bull market (refer any IB research report on Cu) this is near to all infrastructure needs.
Note the seed investors were 50% escrowed, so "Pre-IPO takers looking for the exit" is unlikely to be an issue now. It would only be low in value, I calculate the total available seed to sell at IPO was a touch below 7.7m shares and the volume since IPO has given ample opportunity for these to be done in need.
Go QML!