On valuations, one should return to the Tolhurst report of February, where at the time, they had a valuation on CQT at $1.07 per share. Given that the price of gold was assumed to be $600 as a long term reference point.
Adding, the stock is now trading at 50c, less than half their valuation
However, a valuation of $1.39 NPV was in order if current gold prices were adopted for the model.
Now I would submit, if Tolhurst's analysts could arrive at such figures back in Feb, and drilling since then than has uncovered even more resources, GF will know all about the real price.
Suggestion" - revisit the Tolhurst report
CQT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
