current valuationOn march 6th 2017 Agnico took a 15% stake at Goldquest at a price of 0.60 cent.
I think that Agnico a) had done a well analysed DD and b) bought not too expensive..
What were the commodity prices at this time?
GOLD was at 1.300 USD [now 1.800 USD]
COPPER was at 6000 USD [now 8.000 USD]
To sum it up:
Agnico (which believed that they bought cheap - at least normally priced) bought at 0.60c with Gold at 1300 and Copper at 6.000
NOW:
Share price 0,30c - 50% LOWER with Gold 35% higer and copper 25% higher
FAZIT:
normally the stock must be at 1 cad (according to the DD of Agnico)... If someone see the permit as a done deal then there is 300% upside without a lot of risk and MUST be an aggressive buyer now!!
GLTA