Mr. O'Connell raises a point that is not often discussed, namely that some of us forget the amount of capital that is required to get to full scale production.

QEC was very intelligent in raising capital @4.70. Many juniors would have done a pp much earlier. We will more than likely see another pp next year, but I am confident that it will be done to maximize the amount of capital and minimize the dilution for shareholders. For the short-term, the farm-in agreements are ideal as the big boys (Talisman...) are providing the funds.

Mr O'Connell, like most people on BNN, offer only their opinions/comments. He is probably not as informed as someone from Sprott (who has a large interest in QEC) concerning all of the particularities. Investors should look at all of the information available (positive and negative) before investing in a company. His comments serve to bring people back to Earth concerning the potential sp of this stock. Talk of 100 - 200$/share which was seen in June might some day be possible, but there is still a long way to go.

With that said, August should be a good month for investors. We have news scheduled for mid-month, an interim report for Q2 is due to be released, and the anticipation of drilling in September.