SP, I guess we are coming from different angles though I understand and respect your comments. Biting off more than you can chew can sometimes be the undoing? I suspect, reading between the lines, CQT realised the prevailing and existing resource constraints in the face of developing a potentially huge resource.
If CQT owned 25% of the new ground yet to be explored and 50% of the existing ie MtCarlton/Silver Hill and a half a billion in the bank after GF exercised its option , you could argue from an investor perspective ie looking for a return, that a very substantial capital return could be in the offering down the track.
SP, you are more the purist, looking at the opportunity from a very pragmatic perspective. My take on the deal focuses more on the commercial and logistical risks going forward, albeit in the form of a reduced piece of the action.
So yes, certainly a smaller piece of the pie but the unknown at this stage is that noone really knows just how big that pie is?
I have learned much from your posts, thanks.
The very best of luck to you SP.
ciao
CQT Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
