If you re read the last few announcement. The resource statement will be issued the end of August roughly around the same time as the time line for the mine devekopment plan.
The resource statement will be a measured reserve not a inferred (more concrete less risk) reserve.
The feasability should follow soon after.All this was supposed to happen in two months time for which one month has already gone. Also during this time they are drilling so we should expect some more results which would be on top of the reserve statement again. As is usual things always seem to occur later. I expect to see the results out mid september ( about 6 weeks time) but may be pleasantly surprised if they come earlier.
Given what is happening with the credit markets in the US I think we should see a flight of capital to the precious metals as usually happens in times of stress (where we are at the moment). So they will probably be using some decent numbers for the calculations of the gold and silver values which could give some positive results which are a bit more than is expected. Due to this I think the bounce for CQT is not to far away. It is obviously oversold at the moment and it will not be long before the bargain hunters move into the stock if they have not already done so far. Then you will get the people who sold out wanting to get back in and cover their positions once they see the turn. This with a lack of selling should lead to nice little rise in the share price before the real results hit.
DYOR
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