pre open, page-44

Market cap may be a good place to start but until you can produce a DFS it means little.

If you drop an ounce of gold in my backyard and if all I have to do is walk down the stairs and pick it up I have made $1300 profit.

If you go and drop it in the Galapagos islands and I have to drive 500k to the airport then catch an international flight then a local flight then a boat ride plus departure taxes food and accommodation to get it home and all that comes to $1500 I may as well left it there.

IMO QMN got all these leases cheap because they were considered margianlly viable by the big boys. Only time will tell if the can get it out the ground economically. When it comes to the copper Grade will be the big issue.

The current S/P probably significantly undervalues the company but until they can put full funding or J.V in place it is like every other explorer. Its A very long way to the top when you want to rock and roll in the mining game !