QRL 2.13% 24.0¢ quintessential resources limited

any day now, page-6

  1. 1,200 Posts.
    the current market cap is justified by the next 3 exploration MAL holes alone IMO

    we need reasonable porphyry grade + moly credits at a wide intersection from hole2 and there could be a big surge in the SP

    very few shares on issue mean multiples still equal relatively small market cap

    on the flip-side the holes take eternity to drill and another eternity to assay so there could be a long wait for the next results (although the company recently started commenting on visuals and announcements are thus more unpredictable now)

    this is a stock for a patient investor with big risk appetite (huge volatility due to the small number of shares on issue) but with huge upside IMO

 
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Currently unlisted public company.

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