I doubt it, the way things are heading the price of gold is moving towards obscene highs. Silver of course will move in lockstep
The simple fact is, Conquest have shallow deposits and a very low cost regime for extraction, so when the time comes financing the project on the scale they envisage will be the least problem.
First though, they must complete their business feasibilty plan to get the finance - ie: reaching conclusions about profitabilty and margins.
That is, will they merely be very high margins, or rank with the stuff of dreams.
Make no bones about it, Conquest sit on a vast bank of wealth, unfortunately though, being in a position where they have to find the money for suitable shovels to dig it out. Which of course is worrying for small retail share holders who have tight agendas for making money.
CQT Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
