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Bullboard - Stock Discussion Forum Queenston Mining Inc QNMNF

GREY:QNMNF - Post Discussion

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Post by rbsanitation on Nov 01, 2012 1:05pm

Target

$47.50

 

Nickel meteor slams Sudbury the subsequent tectonics produces volcanic action flowing precious metals surrounding the massive impact for eons, Red Lake, Kirkland Lake, Schumacher, ValD'or, Noranda etc...

 

Goldcorp, I believe, mines the most profitable gold mine on the planet whose footwall system is at depths well below 10,000'.  Queenston's similarly gold laden footwall find is at a bucket dipping depth of 3,900', almost arms length if you dig and stretch your arm out in comparison. 

 

Comparing Queenston to Goldcorp given they both have footwall systems that will in the case of Queenston  likely produce or in the instance of Goldcorp does produce 2 pounds gold per ton, follow my math...

 

G have 811M shares outstanding priced at $45ish today.  G are 100 times more valuable than QMI based on QMI have 83M shares outstanding priced at $4.50.  If QMI are on the same type of find, QMI can reasonably be comparably valued to G.

 

So, Hoss123, QMI is worth on the most recent quote $475 / share.  G took 10 years to produce, so my price target is $47.50 for QMI with the share float of 90M.

 

So, AEM has a recent price rise.  Money says to take QMI we need $X.  Money runs AEM up and sells at $xx to  then fund the purchase of QMI.  AEM and their money are running up to fund QMI for the $47.50 take out?

 

Isn't speculation great!

Comment by rbsanitation on Nov 02, 2012 1:09pm
A number of have asked me to check my G mining depths, I stand corrected, the depths they currently mine at at Red Lake are similar to the depths Queenston are discovering on the Cadillac Fault footwalls strikes.   It also has come to my attention that G could manage the following: 85% of their liquidity buys 85M QMI shares for $32, leaving them to go to market for another $12.95 / share to ...more  
Comment by PowerPlay47 on Nov 02, 2012 3:17pm
RB, similar but I might add. G has almost completed a tram between two mine sites in RL that is more than 1000' below the current planned mine shaft for QMI's UB. G has been stuffing its pockets with cash over the RL area since the HGZ discovery in the 90's. Check out this G 2011 document which includes plans for 2012. 2013 is less than 60 days away. Simply remarkable. No wonder G is ...more  
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