Is no news good news?
I’ve zilch when it comes to anything new directly on SQI. However, it’s been quite interesting on how instead of pulling back as many thought would be the natural occurrence for the Yukon plays thanks to seasonal drilling, many in the group have risen nicely. Why? Because as I and others have suggested (most notably the Coffin brothers), this play is going to be even bigger next year. Yes, there can still be some consolidation but anybody that was looking for a 20%+ correction from prices of a few weeks ago, is likely to be dissapointed.
In regards to SQI, I remind you yet again that they have two significant non-Yukon projects that in my highly biased opinion, has put a floor in the share price. A boatload of results are due out from them as well as the Yukon and they will also be drilling a very sexy grassroots project in Ontario in January.
I continue to hold the same position I’ve had for a few months now and think with any good drill results from the Yukon, we can go to a three digit share price again.