results , page-4

SP was above 25c+ whilst awaiting MAL results... although not brilliant hole 3 was better and only a very shallow hole and was improving with depth. Notes from this result were as follows:
"The occurrence of intense pervasive argillic alteration on the west side of the breccia zone is encouraging and it supports the general dip on its hanging wall. This is significant as it indicates the “upflow zone” of the hot hydrothermal fluids was from the west dipping structure. It is interpreted that the possible major mineralising porphyry could be located down dip to the west towards /at the Malau and Irak Prospects.
The Islander Breccia is open-ended towards the southwest with a known strike length of 750 meter long by 110 meter wide; it is projected to extend towards the Malau prospect, where there is evidence of breccias with 2.02 g/t gold and 0.51% copper"

So you can say if Irak can show good results then the theory above could be proven as correct and the SP should reflect that quickly... early days for QRL and at 8c a steal if they can hit good grades.