Lack of drill results and profit-taking after a big run-up (I noted in my Sept 15th update I and others could doso)are the likely culprits for the sharp correction that hasoccurred. I still control 2.5 million shares and am stronglycontemplating adding if the shares fall below .60 without any furtherdrill results.
I think thisvideo goes a long way in why SQI remains quite interesting. TheYukon play may be seasonal but I suspect the 2011 season will start tocome into play by early 2011 even though drilling won’t start againuntil mid-spring.
There are numerous drill holes still to come out from the Yukon andB.C., plus I do believe a tremendous grass roots play called the Slateis to be drilled or drilling has already begun.
I suspect we shall see a significant jump up in the reserves on theCapoose and the Davidson project is looking more and more like SQI’sinterest can be 1 million+ ounces. These two projects alone more thanjustify a share price on either side of $.60, so the risk from hereoutside of a sharp sell off in precious metals is seemingly greatlyoutweighed by the upside potential.