QRM: Compelling Value

RODNEY COOPER, Dundee Capital Markets (01/26/2011)
"Quest has a compelling in-situ value exceeding CAD$18B, representing a CAD$274B in-situ value per share, the highest of any Canadian rare earth project. With a market capitalization of only CAD$0.021 per dollar of contained TREO value, Quest is truly undervalued compared to an average of CAD$0.14 per dollar contained TREO for 15 peer projects."

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