OTCQX:QEXGF - Post by User
Comment by
NoMineron Dec 12, 2020 8:15pm
242 Views
Post# 32094445
RE:RE:RE:RE:Citibank+Goldman+CIBC
RE:RE:RE:RE:Citibank+Goldman+CIBC "guerreiro" I appreciate your comments, I think you are 'right on point', especially regarding 'Tax Loss' season.
I know probably none of what I am about to say is new to you. However, I guess I'm even more driven to ensure that I am a current shareholder because of what I believe to be a couple of fundamental points - I believe that:
1. In 2021 the new Board/Management are going to do everything in their power to have a very successful drilling season - the old 'you only get 1 opportunity to make a good first impression' - if they fall short the company will be back in the doldrums for years - on the otherhand, with the apparent quality of our properties, and that they are going to drill in 3-4 of them, coupled with their apparent mineral exploration expertise/knowledge - although still certainly speculative, I believe we actually have an extraordinary chance of success.
2. The current enterprize value of QEX is $12-13M - In my view, this too presents an extraordinary opportunity, to be able to buy at this price level; First, if/when the drills 'strike it' I will be surprised if that value does not increase by a number of multiples - and I don't want to get silly, but remember we are going to be exploring in more than one area (look at the value of some of the other companies in the area). Second, QEX will probably need more monies in 2021 to help pay for the Drilling (I think they have about $3M now)... and if I remember correctly, I think it was in the Crux interview that they said they are going to work hard to increase the SP, thereby minimizing future dilution - I believe both of these points provide a strong potential for the SP to increase.
At today's seemly ridiculously low enterprize value (and SP), I wanted to make sure I didn't miss getting in 'for the ride' - as we have said, it is still speculative; but my goodness it's hard to believe just how wild this ride could be (to semi-quote our President) - I guess we'll either 'fall flat', or 'hold on to your hat'!.
I hope you get your shares!
JMHO DYODD