Quebec Precious Metals Corporation V.QPM

Alternate Symbol(s): CJCFF

Metals & Mining Gold

Quebec Precious Metals Corporation is a Canada-based gold explorer with a land position in the prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Eleonore gold mine. The Company focuses on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, the Company holds a 68% interest in the Kipawa rare earths project located near Temiscaming, Quebec. The Sakami project consists of one large contiguous block of 281 mineral claims and includes the contiguous claims, which are located 90 km northwest of the Eleonore mine, 570 km north of Val-d'Or and 900 km northwest of Montreal. The Cheechoo-Eleonore Trend project lies about 24 km northwest of the Eleonore mine. The Elmer East project consists of 929 claims, which is located along a trend from the recent Patwon Prospect gold discovery made by Azimut Exploration Inc. It also holds interest in the Matheson Joint Venture project.

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Quebec Precious Metals Corporation

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Comment by soulsister11on Dec 09, 2011 9:31am

213 Views

Post# 19306622

RE: RE: It's going back up...

Correct me if I'm wrong but it is not 250 000.$ cash, it is 25 000.$ per year plus an amount of shares calculated by dividing 250 000.$ by the highest of 0.40$ or the 10-day closing average (which is now 0.495$, so equals to 500 000 shares or 2.85% of the s/o, quite a big chunk IMHO).

Now if we take the 10-day closing average of the next 10 days at something around 0.70$ (we hope), this is still 357000 share or 2% of the shares of the company. In comparison, GMA gave them 0.7%.

Do your own DD...

GLTA !

SS11

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