the current market cap is justified by the next 3 exploration MAL holes alone IMO
we need reasonable porphyry grade + moly credits at a wide intersection from hole2 and there could be a big surge in the SP
very few shares on issue mean multiples still equal relatively small market cap
on the flip-side the holes take eternity to drill and another eternity to assay so there could be a long wait for the next results (although the company recently started commenting on visuals and announcements are thus more unpredictable now)
this is a stock for a patient investor with big risk appetite (huge volatility due to the small number of shares on issue) but with huge upside IMO
QRL Price at posting:
25.2¢ Sentiment: Hold Disclosure: Held
