That a project can have a resource upgrade or drilling results which catch the market completely off guard.
How else could CDU trade below 40 cents in June 2006 and hit $10.00 on the 5th. July?
What we do know about CQT is that there have been a number of sensational drilling results released - intersections of 80 metres plus with strong grades.
We also know that Gold Fields and Management have been buying.
What will suit us fine are for drilling results to lead to a major upgrade in the project's in ground resources from what was indicated as of October 2006 (Source: http://www.conquestmining.com.au/projects/m-mt-resource.php) and for the market to factor in further substanial upgrades to resources.
For example, we would like drill hole 132 to be both a huge intersection PLUS have substantial ore grades.
CQT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
