re: Ann: Environmental Assessment for High Gr...
we all know that share price (or more specifically market cap) is not a true indication of a companies true worth - and CQT is no exception!
the fact is CQT are today even closer to production - ticking off EPA concerns is a massive hurdle cleared and the company has confirmed that the DFS is on track for completion by Nov 09.
The small factor of an apathetic investment community who is unaware of the quality of CQT is sadly "par for the course" in Australia!
check out the chart of PRU for a guide to the valuation mis-matches that are possible in the gold sector - as far as I can tell PRU haven't had any massive change to their fundamental story in the last month, yet the share price has jumped from $0.85 on 1st Sep 09 to a high of $1.615 today - a 98% gain in only 42 days!
extrapolate that sort of re-rating for CQT, and who knows, by Xmas we could be knocking on $1.50~!!
CQT Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
