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QuestEx Gold & Copper Ltd. QEXGF

QuestEx Gold & Copper Ltd is engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in the Golden Triangle and the Toodoggone area of British Columbia, Canada. The exploration projects include Castle, KSP, North ROK, Kingpin, Sofia, and others.


OTCQX:QEXGF - Post by User

Post by NoMineron Sep 16, 2021 2:12pm
457 Views
Post# 33871741

QUITE AMAZING

QUITE AMAZINGI must admit I am somewhat surprised with our SP at $0.70 – giving QEX a MC of only $28M. 
 
I realize all, or at least some, of us are waiting for the results from our drilling at Sophia, and then KSP, with the eventual 43-101 at Inel – all expected to be public over the next 1-5 months. 
 
I know it is ‘the quiet period’ – but my goodness, we had about $12M in the bank before we started drilling Sophia, and I expect will probably still have somewhere around $6-8 of it available for the 2022 drilling/assessing season.
 
That means the market is only valuing our various properties at about $20M – heck, TB seemed to indicate that a small part of our Castle property is probably worth more than that to Newmont, for tailing storage, when they begin to develop their Saddle properties.     
 
I’m not going to go back over the potential value of our various properties; I think that is pretty straight forward – certainly we are in a risky business – but it is an amazing trip in human dynamics.                                    IMHO                                      DYODD

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