Looks like QRL has hit the major copper /gold zones. 255m of visual mineralisation. The first hole's grades were even higher than i expected above the feeder zone. We only have about 4 weeks to wait for the assays now. The company is capped $6m, so it will have a dramatic rerate if these assays come in. This sort of news would have been enough to send the stock into space less than a year ago, so we now have to wait for the obvious. Remember that a number of major mining companies (including BHP) wanted to become a cornerstone player with this MAL deposit, so these results only point the way to an interesting future for the company imo. please read the announcement and dyor.
QRL Price at posting:
14.1¢ Sentiment: ST Buy Disclosure: Held