share price

I must say I am a little bemused by QMN share price. In the Managing Directors address dated 28th November 2011, QMC list operators in the Queensland copper belt. In particular QMC list Cudeco as having 293kt Cu and gold credits whereas QMC boasts a resource of 269kt Cu.

When we compare the share price of $3.44 vs. $0.044 it just does not equate.

So I ask myself if these figures are correct.

Supposing these figures are in fact correct and the sum total Cu resource variation between CDU and QMN is in fact twenty four kilo-tonne Cu, then I find it difficult to understand.

One can argue that CDU have 293kt Cu in one location and that QMC resource are scattered over various leases however that lends itself to the argument that QMC have multiple mines to exhaust whereas CDU has the Rocklands.
So I really cannot understand why such a difference in share prices.

QMC 269kt cu / CDU 293kt cu = 91% the resource
QMC .044c / CDU $3.44 = .012% the value

Where QMC almost has as much copper they only have .012% the share price value.

Is it the cut-off grade that is affecting it?