I am no expert but have done some limited research into this type of deposit. One question is - is this gold deposit refractory? There are similar deposits - Yanacocha around the world which they can't extract the gold from as it needs to be weathered. I see a comment in the latest quarterly on Met testing -
"Metallurgical programs at Core Resources HRL facility are progressing well with both Albion and Cyanide leach testwork on the first sample batch nearing completion."
With the gold price the way it is there must be a problem why CQD's share price is weakenning. Additional holes with some nice grades aren't any good if you can't extract anything from it.
I am no expert however I can't see why the share price has dropped, unless of course it relates to a refractory deposit.
I hope I am wrong to current holders - the Met testwork soon to be annouced will be the key to where CQT goes. My gut feel is that recoveries could be low. Let's see?
CQT Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held