RE:Kicking HorseHow does one valuate an investment like QEC when there are some unresolved plays like the one in Quebec. In fact even mentioning the dreaded Quebec word I think got me my first ignore (from some pouty twit on this board who obviously can't come to grips with his investment). The problem is as long as they own the land it is still a consideration (moratorium or not). As long as there is the government issue I am not sure a company would take a run at QEC (unless they took on that play as if someone would be assuming a stuggling companies debt). A buyer may choose to sell it off or write it off.
Then we get into other variables like the Red Leaf technology, and Jordan. These are far from being catalysts, but once again they are considerations. Guess I am more wondering how someone buys QEC when there are elements about the company that need to mature and play out.
However, if plays like Quebec or Jordan pan out we see this stock run for a little bit.
Certainly they have been smart by reducing their costs and activities and focusing on what keep the balance sheet healthy (all things considered).
They are not a pure play in the Monteny, so I don't see someone coming in to scoop them up. And the impression I get from interviews with Binnion is that they prefer to find these elephant type plays and develop them to sell them off.