re: west australian article: confirmation Thanks for...

re: west australian article: confirmation Thanks for that.

Quote:
"Mr Terpu said he was waiting on additional information but expected to upgrade the Mt Calton resource early next week.

"We didn't have enough time (last week) to work out what the results meant to our global resource in the area", Mr Terpu said. "I think some of the analysts have joined the dots in terms of what the results mean to our resource"

DJ Carmicheal analyst Paul Adams said some of Conquest's Mt Carlton intersections were "Spectacular" and there "could well be a reasonable increase to the Silver Hill prospect".

+++++++++++++++++++++++++++++++++++

I did mention that afterr modelling we can expect a new resource update "soon".

Someone asked: "How soon"

There is your answer!


Don't forget CQT will start drilling with 2 RC drills this week and a diamond drill is supposed to start the week after IMHO. As mentioned, that could be interesting as there was only one hole drilled to 132 m:

Announcement: 14 July:
"A high grade gold intersection is reported from the V2 prospect area with 11m @ 27.6 g/t gold, 188 g/t silver and 2.01% copper in hole HC06RC53 from 121m depth.

This is within a zone of 46m @ 9.11 g/t gold, 68g/t silver and 1.08% copper from 86 m depth. This hole stopped in mineralisation of 38.8 g/t gold, 223 g/t silver and 4.29% copper after running out of drill rods at 132m depth".



Subject pricing of shares and options
Stock Code CQT - CONQUEST MINING LIMITED
Posted 21/07/06 15:51
Posted by stolwyk
Post #1164834 - 276 reads
Start of thread

I was hoping that this week, the options may get to 20 cents and the shares to 38 cents.


With the advent of a new updated modelled resource estimate soon to come, I would'nt know the final outcome of the share and option prices, suffice to say, I have some round numbers in my head already.

Of course, once the results from the 3 drills supposed to be starting next week and the week after, have come in, then the picture changes again.

It will be interesting to follow the deeper drilling of the Diamond drill, if it pans out well and we obtain another sizable chunk of bonanza ore, then the share price will reflect that, no doubt.

So, I am not in a hurry to sell my options, I tend to be an investor anyway and if there is going to be a steep uptrend, so be it IMHO.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.