SSkim,Just reading back over some of the previous posts and more...

SSkim,

Just reading back over some of the previous posts and more specifically, an exchange between ourselves on the 15th Aug.
Whilst the back of envelope stab in the dark valuation is flawed, no question since it fails to take into account several other factors, the additional equity of $100m representing 50c per share that I arrived at was in fact on top of the the base resource value as at Oct 2006. The share price at this time was 40c, so you can work out the NPV of the resource at that time and extrapolate a dollar value. If you add the two, you would arrive at a share price value.

For the record, imo I believe the real value (share price) of CQT currently is considerably greater than 50c but ultimately, the market will determine this.

Hope that clears it up.

ciao