ann. out, page-14

I will go so far as to say that we are no longer seeing a stock with a price limit of around $1.18 per the NPV.

I envisage that GFA were hoping to get CQT for less than $1.18 but no more than this. In light of this new drilling to commence in their area plus the $80mill funding nearly in place and a DFS by end of October, then GFA have no alternative than to cough up no less than $1.18 and within a month or so.

As far as I am concerned we are ripping ourselves off to accept any offer now, as I see CQT to be valued without a shadow of a doubt way in the $2+ region by November this year once the commisioning of the mine is finalised.

You can then add to the $2 all the other new discoveries that will be found in the comming months.

I for one will tell GFA where to go with their small offering.