gfa sells 19% stake in sino, page-10

Here you go,

All you need ot know is CQT has a NPV of $300Mill with 270Mill or so shares offered.

Anything else is 'what if'. What if they find another 100Mill oz of gold then they will be worth $100 a share but thats not realistic. Value the company on what they have NOT what they are going to have.

CQT is probably fair value at the moment based on NPV, timelime and risk.

Vic.