QUEST RARE MINERALS LTD V.QRM

Primary Symbol: QRMLF

Metals & Mining Industrial Metals & Minerals

Quest Rare Minerals Ltd is a Canadian exploration company developing Strange Lake rare earth deposit in northeastern Quebec, Canada. The Strange Lake REE deposit contains quantities of all the rare earth metals used in permanent magnets. The company is to become a supplier of rare earth oxides for the permanent magnet industry to be used in variety of industrial and consumer applications including wind turbines, automobiles, consumer electronics and medical equipment. Its project portfolio includes Strange Lake Rare Earth project, and Strange Lake Preliminary Economic Assessment.

EXPM:QRMLF - Post by User

QUEST RARE MINERALS LTD

Bullboard Posts

Comment by ThaiDiamondon Nov 20, 2010 12:00am

387 Views

Post# 17733516

RE: RES looking to raise $50M (No Problemo)

I think we can assume an issue price circa $10 per unit. That would mean issuing 5 million new shares for a total base of nearly 41M on an undiluted basis.
And given that REE—as its known on its AMEX listing—has a 3 month average trading volume of some 2.9M shares/day—kinda hard to see any 'problems' raising the cash.
A lot has changed in the rare earth world since the summer as this sector has gotten a lot of mainstream attention. And QRM and RES are probably the two best junior ways to play this sector.

Bullboard Posts

This junior mining stock offers billions in market exposure