Two weeks ago Conquest announced that they had stated drilling in the argyle corridor
I said then that if they find a pipe here this will be the most exciting story in the market for the year without question. 40% of The Argyle pipe was bought by RIO from Ashton for $800M, therefore the pipe is worth about $2B approx. CQT has a market cap of $9M, and a discovery of 1/10 the size of the Argyle pipe is a $200M discovery
The next two weeks will be exciting
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held