The steep rise in the share price is one of the reasons that it also had a steep decline. For those of us who have been long term QEC holders, we are laughing because even with the pullback, we are still ahead.

The year end price target by Pareto is quite appealing (8$/sh), but they were also the ones involved in private placement. If all goes well, we should be at least re-testing the highs which were seen in the end of May. From these levels, that is a 100% appreciation of the share price. Not a bad "speculative yet conservative" investment.