Post by
BlueChipper2020 on Jan 18, 2021 1:19pm
QMX Valuation is correct- Market has it right as of now
The Company is in a great jurisdication with major investors/owners (sprott/ELD/O3 and Probe). They as of now have the following:
1. About 750K ounces at Bonnefond as of the last 43-101. This does not reflect the additional drilling the past few months. It will get better over time and be updated.
2. Lots of other promising targets.
3. Stock price down along with the entire sector.
The quick valuation here is I give them $100 an ounce. That gives them a market value of about $75M which is where the valuation and stock price are now. The market knows what it is doing.
GLTA