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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
Post by abpagton May 29, 2012 11:20am
253 Views
Post# 19956104

too vague

too vague

firs dilution of 20:1

i think it is still to early to get in , no clarity i think !!!

 they are still losing money at lach herbin with gold down , so will need an exter 5milj 2012 for drilling and operations  + 10 milj in debt + equitity financing for the loan of 10 milj min makes 25-30 miljoen

so i think 20:1 split +  min100% dilution with equity launch

nobody will get in before price of equity is annouced

and how about the hedge if it is more than 50% of production and below cash costs it will be very difficult to turn to profit with lac herbin at current cash costs , they will start earning money when loan is paid off and hedge is gone but that is 4 years later

any thoughts about this ?

 

Bullboard Posts