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QMX Gold Corporation V.QMX

QMX Gold Corp is a junior exploration company. It is engaged in mineral exploration and evaluation properties in the province of Quebec. The Company is focusing on the exploration and evaluation of its gold and base metal projects within this region. It is also focused on the Val d'Or mining camp in the Abitibi District of Quebec. It holds the Aurbel property and holds a 100% interest in the VMS properties.


TSXV:QMX - Post by User

Bullboard Posts
Comment by massivemeltdownon Sep 09, 2009 10:35pm
223 Views
Post# 16292090

RE: RE: Thursdays seem to be

RE: RE: Thursdays seem to beLooks like the play is not AMC tomorrow....after spending $1.35 million it looks like they are looking beyond production from Lac Pelletier to achieve their long term strategy based on forseeable acheivement of their short term goals (production of 80-90,000 oz/yr).  Looks like they just put a company into play since a passive investment is not likely their intentions based on their operational success in Quebec.  Manitoba, here we come.  Low capex, large resource in place, infrastructure on site (care and maintenance)...missed this one and certainly the boys at Sprott had their hand in this in some capacity...following the cash and going on the bid at the pp price tomorrow.  Only way they could have done it was through this pp without bidding against themselves.  Now a reporting shareholder (I believe over 10%), the next move should be pretty definitive...in time. 
Bullboard Posts