Playing with numbers.... Just for fun,
Let's say further drilling can bring the property value to 50M$, if QIT has exercised it's option, they would own 70% at a cost of roughly 10M$...
50M$ * 70% = 35M$, - 10$ debts= 25M$ / 12OS = 2$/share
50M$ * 30% = 15M$, / 50OS = 0.30$/ share
I added QIT to my positions this morning, and I kept my LOT. I think it is wise to own both....