QuestEx Gold & Copper Ltd. V.QEX

RE:RE:RE:Good Day

[jfan22]

I couldn't agree more.

I think this company does need some sort of big news to get the right kind of attention. At the moment it's not clear which is their primary asset of focus and there's not been significant changes to the story in quite some time.

I think if they were to get a JV agreement with Newmont it could bring in a LOT of attention and help build a value story which is easier to understand. But really, it just needs to be something that stands out from the 10s or 100s of other companies at a similar stage of early/pre-drilling exploration.

I focus on Castle so much because of a conversation I had at PDAC a few years back at the GTT booth while looking over their core. Essentially, a geologist confirmed mineralization from Saddle South extends up to the Western claim boundary with QEX and is structurally controlled. The same structure extends well into QEX claims with confirmed mineralization at some points. The claims have only recently become consolidated and are relatively under-explored. It is not a leap to assume there could be a significant extension to saddle south or other deposits along these structures within QEX claims.

I think once Newmont gets the Saddle South maiden resource wrapped up they'll want to figure out the extents of the Saddle South mineralization ASAP since it looks like it could be a satellite pit for Saddle North. They'd probably want to get that done in time for inclusion in Saddle North PFS, likely in the next 2-3 years. In my opinion, the logical answer is a JV with QEX.

But I think the most important aspect of the GTT transaction is Newmont spent almost $460M on a property with only a maiden resource. This is a huge pricetag for something that hasn't been de-risked very much at all. The only reason they'd do that is if they thought there was a very significant amount of exploration upside on top of a solid project in Saddle North.