AQD has been creeping up the last couple of weeeks. Market cap now around $10 mill. Has 5 mill cash. So the various stuff it has in West Africa, Peru and scattered around Australia still only valued at $5 mill. Presumably it's been creeping up due to it's Dundas tenaments being nearish to SIR Nova tenaments.
Other stocks that have run on the same nearology to SIR have way higher valuations in terms of market cap (e.g 500% higher) so presumably there's still a lot of upside. AQD have yet to come out with any announcements referring to their nearology to Nova deposit. When they do that could get the punters in.
Cheers
hots
aqd - sir nearology
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