QEX - FutureMy first ever post.
I originally bought Colorado back in 2017 - although not knowing very much about minerals and mining,I was impressed with its large and well situated land base, which has continued to strengthen over the last 2-3 years.
I understood when I bought that it is very speculative; but also understand the Golden Triangle is named for very good reason - the land remains unchanged over time, it has minerals - plus, new technology is assisting new discouveries and/or re-discovery, further assisted by ice cap shrinkage and provision of infrastructure - quite literally, there are new discoveries all around us, some right next door - I find it hard to belive that our land doesn't have any minerals - what I do believe is that if we do have minerals the the more scientific, knowledge based exploration approach of our new Board/Management will find them.
I suffered through the attempted divesture of 'Castle'... resultant legal actions, and eventual ousting of Board & Senior Management. New Board/Management appears to be displaying a far better approach, founded on scientific knowledge based exploration, coupled with significant business acumen.
Although not fun for current shareholders (me), I understand the need to consolidate shares 10 to 1 - glad the new Board/Management recognizes the need to minimize dilution to maximize share price.
My personal decision - I recently bought more shares and now have 20% more than I had prior to consolidation.
Frankly, I am just amazed our 'total company' is only valued by the market at $13M when Skeena can sell '1 piece of good land' for $9M to Newcrest - I realize speculation is involved, but I believe we probably have at least 4 pieces of good land (e.g. Castle, KSP, North ROK, Sofia). I believe the market is still punishing us for 'our past' and our current share price, as it stands today, would probably be about 4 times higher without that past - if that is true, then if/when we get some good drill results in 2021, our share price could increase even more signficantly from both the good drill results and the resultant increase of faith in our company, and its potential, by the market.
I am an optimist by nature, but I do believe we are now in a position to have success. It is still highly speculative - but I believe it has a very good chance of delivering in a 'Big Way' - we shall start to see in a few months! DYODD