The situation has changed dramatically since this stock hit rock bottom of 0.5c.
A company with alot of cash (Metallica) is supporting QOL in its efforts to get Wolfram up and running again, they will also financially help explore Mount Cannindah which already have a JORC-compliant Measured Resource of 5.57mt at 0.95% Cu, 0.41 g/t Au and 16 g/t Ag. Not to mention the SPP which they are already guaranteed to receive about $1.4 million from (due to Metallica committing to it). Even if they SPP is fully taken up the market cap will only be $6.4 million (at current SP of 1.4c). This is the value given to its $30 million Wolfram plant and Mount Cannindah tenement. Fair? We will find out.
QOL Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
