What a great report released by CQT with some excellent drilling results.
What is also very important is CQT is now publicly marketing the fact that they believe they are sitting on something world class, where they have barely scratched the surface, with huge exploration upside being stressed:
"High exploration potential being indicated by comparison with Yanacocha."
Now Yanacocha just happens to be the largest and most profitable gold mine in South America, with huge resources and over $7 billion dollars worth of gold mined to date.
CQT say that their exploration team has developed a "new geological model."
Carefully read the section headed "Exploration potential and planned programs."
CQT now aim to demonstrate through exploration that they are sitting on elephant, world class resources.
The CQT share price can increase in multiples if CQT starts demonstrating to the market that they are sitting on a large amount of land that is a gold, silver and copper province capable of hosting numerous economic deposits.
About time! And that is why I bought into the company.
The downrampers here, have been confusing the issue by telling us everything is closed off or just about closed off.
Nothing can be further from the truth.
CQT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
