QM deeps is just one part of an entire strike and multiple open...

QM deeps is just one part of an entire strike and multiple open pits form what i have seen. The structure will provide me with the comfort that more resource is in the structure. I am convinced.  When you get into these sorts of deeper deposit zones, you can miss big grades hits by inches. I think they open pit this next year. These things never really have big forward resources, they just tend to mine on. The asset they did in Silver lake was very similar.

I think its now capped at $7m with around $2.9m in the cash.The EV of this entire companies assets are only $4m. That is amazing, even in this market.

I bet this ends up being a mine and the scale is only just being exposed. Nothing is easy these days, but i am sure we will get there. The biggest problem in the small end of the of the market remains the bear like thinking. This company does not need a large or even medium size resource to be worth a multiple of the current price and i think they are building that. This is because of the grade, location and strike. These lubricious valuations really only happen in these thin switched off markets so its not comfortable watching it some times. dyor