On Jan 21st, the shareprice of CQT hovered around 74c. Gold was...

On Jan 21st, the shareprice of CQT hovered around 74c. Gold was then $635 per ounce and today it is $654 per ounce.At that time, an article appeared in the Sunday Herald Sun re CQT and shortly after, the shareprice commenced a solid run to an intraday level of 97c before finishing at 93c. At that time, an inferred in ground resource of $695m provided an underwritten support for this rally. If we use the miners standard of 20% of inferred inground resource to establish a market cap, we can extrapolate a value of about $140m. The market at the time generated a premium to that figure of around $30m as it can often do with a bit of PR and buyer exuberance. However, of interest is the current position. Since that filip in shareprice, the stock has come back to settle at round the same price as it started back on Jan 21st (74c)despite the fact that the inferred inground resource has now doubled. Once again, if we elect to use the miners standard, this today equates to a market cap of around $260m which translates into a share price of $1.10 excluding of course potential extensions to strike and discoveries of new ground. It must be clearly understood that CQT is going through a fairly typical exploration mining process that of course will tend to frustrate those who are after the "bigbang" effect but the reality is that mining programs are a bit like a jigsaw puzzle. Piece after piece are put together patiently until finally a picture is displayed. I hold patiently and me thinks that I will buy more since I have just seen it hit 73.5c. Thanks TWE.