QuestEx Gold & Copper Ltd. QEXGF

RE:Interesting Dynamic

[jfan22]

I agree with most of this, but I think Skeena's interests are more complicated.

First off, Skeena has so much data from Eskay/Snip, its' hard to believe a 2000m+ drill program at Inel will make any significant difference to their geological understanding of the area. I believe Skeena is looking at a mill expansion (current plan is refurbishment only AFAIK) and the potential of Inel being a satelite pit is probably very attractive to them.

Inel also represents a lot of sunk costs for QEX and bringing it up to a resource estimate might bring us surprising results. Also, having a resource makes it much easier to value a company and understand value/prospectivity. Getting some objective, tangible value and understandable value from any QEX property should be the first priority and this seems to be low-hanging fruit.

Skeena also seems to have a very positive relationship with the Tahltan, something that could help to unlock whatever value exists at the Mabon deposit. I'm not holding my breath for that though.

As far as I can tell, Newmont did not participate in the last financing. Its' unclear what their interest and priorities are.