Thanks your response, the observations you relate are positive...

Thanks your response, the observations you relate are positive and in line with my understanding.

Re share price, As is the case with many others QOL required more cash than projected to bring the operation to production. They were forced to go to the market and share holders for capital when the share price had slipped to around 15C raising funds at 12c/share last time which resulted in a many more shares being issued, diluting the holdings of then current holders.

Current Shares issued are I believe around 200 Million + some options. Current share price at say 7c values company
(market cap)at about 14 Million dollars.

If further funds are required and raised by selling more shares at current price, there will be a lot more shares issued resulting in further dilution of current holdings.

If further capital is not required or can be raised other than by selling shares at low price then current holdings will remain undiluted.

As you mentioned there is considerable value in the new plant and the proven resources some of which are now being processed. The company has transitioned from an explorer to a producer.

If as reported cash surplus of 9 Million per year can be averaged over next 4 years this is more than double the current market cap and will be reflected in the share price
as it becomes reality.

The share price upside will be determined by production and sales which currently look good and the number of shares on the register which will be determined by any further need for cash and the way it is raised.