GREY:QNMNF - Post by User
Post by
rbsanitationon Jun 18, 2011 2:51pm
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Summer of QMI is a global fault for wealth protect
Summer of QMI is a global fault for wealth protect
GoldmanPOGus$2K asked Any ideas what happened right before close Friday?? No press release??
Assume two things, AEM know intimately the goings on in QMI and with that a very wide industry knowledge base has formed on tiny Queenston’s holdings. KGI recently discovered 8oz/t, "a world class find that had to be reported", just inches from their QMI JV. This 'world class discovery' is now widely reported to trend directly into QMI’s rock chipping country. Industry experts now agree that QMI is sitting on THE deep source for this richer 8oz/T KGI find... and this is now permeating the general market. Fridays spike is likely a rogue fund buy or insider buying seconds before the June 20th TSX S&P Global Gold Index recognition. This recognition came out of the woodwork and was necessary due to the speed of announcements coming from Kirkland Lake. Nice trading mistake (whoops, boss am sorry I meant to buy it first thing Monday morning, my mistake means we made more than we would have) at the close on Friday June 18th, 2011 to move into Mondays fun. Look for QMI to cover it’s previous high in short order.
It was just 18 months ago that QMI was stumbling along needing money to fund exploration after taking out Vault Minerals land holdings. Less than a year later AEM’s $35M investment and Dundee’s $20M calculation ($14) are now about to pay out in a trading double with no suitor yet willing to step in. With QMI’s valuation climbing almost daily with more solid discoveries. (QMI is now reasonably valued at $2.64B and growing by the drill core). News started to come out showing the trend from KGI’s mining that richer grades were pouring directly into Queenston’s claims. Before QMI found out about this rich trend (news travels fast in KL and KGi had to strike quick) KGI took advantage of QMI’s funding needs and JV’d a small chunk that encapsulated a segment of the trend. KGI have also improved their milling capacity and just finished up with the necessary permitting to get on with mining the huge grades. If you read between the lines KGI recognized they were sitting next to a massive find and quietly took some easy gold.
POG is now readying to move from the US$1,550 resting point into US$2,000. KGI will now be supplying QMI with an income stream from the JV and nature marches on. VMI (Vault) a speculation/explorer melded into QMI a seasoned rock chipper whose timing is now about to see the perfect storm erupt. Global 1st World’s decline is spotlighted everyday, BRIC’s are buying gold as quick as USA prints paper. Their gold purchases offset US$ calculated devaluations. Gold if it were based on 1980's peak should easily march to US$6,000 and if the mass of newly printed US$ is any measure, a spike of well over $10K is possible. No one in 1980 remotely thought US$850 was possible, heck a high end Japanese vehicle sold for $5K! The same scrap precious metals advertising that was used in 1979 is now beginning to paper and broadcast everywhere we look, scrap gold and silver are being bought up as quick as your neighbor can mail it off, except in Canada it is via courier. Yes the trend for gold to march is about to quicken and nature is driving it.
So, Friday was a small event, in the QMI realm. Friday is simply another day marching. The longer it takes for a mjor to step in and stop the QMI gold exploration program the quicker the share price marches toward $200. Kirkland Lake is about to erupt on the global mining map because of
stable government
available work force
excellent transportation system
modern mining exploration technologies
KGI’s proven understanding of ground fault gold
2011’s POG next leg up to US$2,000
Hold on tight next week and for the balance of the summer of QMI.