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SRQ Resources Inc V.SRQ

Alternate Symbol(s):  SRQRF

SRQ Resources Inc. is a Canadian base metals company exploring nickel, copper and platinum in the province of Quebec. It holds exploration mining properties in Quebec with its flagship project being the Lac Brule Nickel-Copper-PGEs project. A near-surface Ni-Cu project, Lac Brule, is located on a 288 kilometers (km2) virgin exploration property at a five-hour drive from Montreal. It owns Lac Brule Ni-Cu, and the Lac Brennan projects exploration claims in the Nivernais and Esgriseilles Townships and claims in the Dauphine Township, all in the Province of Quebec. It also owns an additional 603 claims on several groups of claims. Its projects and claims in Quebec Province, namely Lac Brule, Lac Brennan, Lac Nigault, Lac Nigault NE, Route Temis, Lac Dumoine, Redcliff, Lac Cabazie, Duncan, and Lac Mont Mord. The Lac Brule property consists of 585 contiguous mining claims covering an area of approximately 33,772 hectares. Lac Brennan property includes about 42 mining claims.


TSXV:SRQ - Post by User

Post by Oldschool2022on Jun 15, 2024 10:32am
192 Views
Post# 36090468

Risk-reward here. 1487% upside or 6 to 1 ratio.

Risk-reward here. 1487% upside or 6 to 1 ratio.
With drill results pending the risk -reward here looks promising. If we can get 1% copper and 1% nickel over a good interval I think this stock will fly. By my calculations if the results are not good, we will gradually return to .10 and if they are good, we could see $3.57 per share. How did I come up with that? We only have 28 million shares and our market cap is only $6.7 million at .24 per share. Strong drill results could propel us to a $100 million market cap. Which would equal $3.57 per share. That’s a 1487% increase from today’s close. The downside risk is .10 or 240%. So 1487240 gives us a 6.19 ratio or 6 times more upside then downside with stellar drill results. The pending results from the 951m hole will soon give us a clearer picture of what we have. The strong gravity anomaly that we drilled the edge of is 3.5km X 1.7km. Of the 28 million share float approximately 50% are tight held by management, Ivanhoe electric and China Minmetals. Only 14 million shares available to the public. We will definitely be in the .40’s pre drill results which should be arriving soon. Even if we only hit $1 near term that’s a 400% increase from yesterday’s .24 close. The risk-reward ratio looks promising in my opinion. Cheers to my fellow shareholders!!
 
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