No idea but gut feel says yes. Would like to see some heavier buying depth but at least there appears to be enough off screen buying. Seemingly drifting down due to CDU selling pressure and lack of news rather than a rush to get out.
Current market cap is only $50m (undiluted) so dont need to find that much given they will surely be able to come to an arrangement with their major shareholder (CDU) regarding mining (i.e. reduce start-up costs, a key to any junior).
It no doubt is a gamble but the success of CDU with SAM surveys and a positive comparison to those of QMN makes me relatively confident.
QMN Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
