any day now, page-5

QRL could be worth anything. We need to see the grade and we need to see a few more holes to confirm the extensions. It will clearly be worth a lot more than $11m. IAU is a very large scale play and it was worth $1b in the peak with a relatively low grade play in Indonesia. It is hard to do a direct comparison as these deposits are large with differing amounts of various metals in different localities. We all know about PNG and the entire area is surrounded by majors. These larger style deposits are normally owned by the majors in PNG. I prefer this than anything in Indonesia. The land owners can be a little challenging at times but that is miles ahead of corrupt business men in Indonesia who use the courts and contacts to play games. Grade is king, but i will be waiting to see a few more holes. If this comes in, then the market will work it out quick enough. dyor.