I was rewatching BNN for the week and John O'Connell, CFA of RBC Dominion Securities was on the Market Call (Thursday 31st of July) and had the following comments about QEC:

"Many years away from production and will cost many hundreds of millions of dollars more to bring it into production. Have a lot of land with a lot of potential resources. Be careful and limit the amount of risk you expose yourself to. Dilutional potiental in the future to raise the necessary capital."