I respectfully disagree with you victorious...
you are right that CQT have an NPV of $300m with 270m shares on issue, but my old abacus equates that to mean that CQT is worth $1.11 per share... TODAY!
you say that "CQT is probably fair value at the moment based on NPV, timelime and risk" - ummm... how does $0.48 represent fair value compared to $1.11?? As I'm sure you know, NPV means "Net Present Value" and I think the operative word in NPV is "Present". This $300m NPV calculation has already discounted the real value of the CQT project to account for timeline, risk, exchange rates, interest rates, commodity prices, inflation, wages, and all sorts of other contingencies!
if you owned this project 100%, and you had paid for all the independant consultants to produce a report saying your project had an NPV of $300m, would you be so happy to sell it for $130m (271m shares x $0.48)???
if the answer is yes, let me know how many CQT you own and give me your postal address and I'll send you an 'Off Market Transfer' form with a cheque to buy you out lock stock and barrel - it will be a good deal for both of us as we'll save on commission!! But I'll also need to send you one of those David Tweed style disclaimers so you can't cry when you realise you've been fleeced~!!!
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