The result were not incredible, but they do seem to be minable, especially since Quebec should be a low cost mining region (yes high labour costs, but cheap power and the infrastructure is there, plus you dont need armed gards like I imagine you do in Africa).
Should we be a 1$, probbaly not, but I dont think 12.5cents is a fair value either... as other have said, the next few months will see a significant move in the share price ... one way or the other.