The Quaterra (QTA.v) (QMM) resource update

I've had a first-and-second-pass look at the information provided today by Quaterra (QTA.v) (QMM) in this resource update NR linked here. The bottom line takeaway here, after the change in categories (the biggest change there is the move up to indicated from inferred in the San Gregorio part of the resource) is the M+I+I is now 110m oz Ag at a 15g/t cut-off and $26/oz silver (that silver price needed some chasing, by the way). So two things to note here:

1) The August 2010 resource report (to which QTA today compared results) used a 45 g/t cut off for silver and a silver price of $15/oz. Today's count is run on 15g/t silver and a $26/oz silver price, which is a lot more accommodating. Back in the August 2010 report, 85m oz silver was counted at the 15 g/t alternative cut off and I betcha that would grow without much sweat of you raised the silver price from $15 to $26. The upshot here is that it's pretty clear QTA has done a decent job of upgrading a goodly portion of the resource from inferred to indicated (roughly 35m oz by the looks of things) but just on my ciggypack stuff today I doubt whether the deposit size has grown much.

2) I know that QTA has other assets, but still I'd like to understand just how QTA can run a market cap of $73m (with a decent pop on today's news) and Soltoro (SOL.v), a company with a big low-ish grade silver thing as flagship but also with plenty other land and exploration property assets, is valued at a $21m market cap.

That's all. Oh, except for this chart:

Kinda puts the 9c pop to U$0.47 today into perspective, dontchathink? Now don't get me wrong, I have nothing particularly against QTA and in a fairly ok-ish market (i.e. one we don't have right now) it would probably rally much harder and be worth its rally, too. It just seems to me that if you think QMM is cheap then you should be drooling and slobbering all over SOL.v, which is a company I bought, held and sold a few weeks back at a loss (so right now no position in either company mentioned). Ok, that really is all.