to all nqm shareholders 5 reasons to, page-8

CQT current resource is a very dangerous thing to be getting into, there are many complex problems with it, cash cost will be very high. I am an ex Apex minerals holder and i can assure you, CQT has an even harder deposit to mine, Apex has a top quality management team yet have almost gone belly up.

HSK is a superior offer and it has money making operations, if HSK are successful in their bid it will mean a significant re rating, they were being tipped by some brokers for a re rating even without the takeover/ merger. They have one of the only 4 tungsten mines outside of China and it has started to perform very well since the modifications to the plant.

To go with CQT means a very high risk of losing everything if they try to mine the gold deposit that they have, if there is any pull back in the gold price it will not get off the ground anyway.