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 tjw4on Dec 10, 2011 2:30am

379 Views

Post# 19309544

RE: RE: RE: Assays?

One thing I forgot to mention was that in my experience the natives hold out until the last minute to negotiate these deals as they want the best deal, and they are just as savy as the investors on the stock market. They wait for the best opportunity to strike a deal. Which means they could have made a deal 2 years ago, or at the last minute when they have the company 'by the balls', as the company knows what it is sitting on.

Bottom line the natives won't negotiate without having some idea of just how valuable a property is.

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