Post by
NoMiner on Nov 28, 2021 3:39pm
LET ME RAMBLE
At Friday’s Close, our MC was about $23M – I think QEX probably has about $7M in cash, which is included.
CASTLE – Newmont bought 3.5km of the same geologic Trend that QEX has 6.5km of; they paid $456M for GT Gold (I think it was HB that said ‘they didn’t pay $456M not to develop it’) – apparently their acquiring rights to some of our property would greatly assist the development // our other next door neighbour is Newcrest; they bought the GT-Donnelly property from Skeena – remember, we haven’t really done any deep drilling yet; I’ll bet both our neighbours are very interested in it – haven’t heard anything about this in some time; this is important property, its value isn’t showing yet, but it will – both Newmont & Newcrest are investing mega $$$$ into the GT! (Newmont: our biggest shareholder; $456M GT Gold; Galore Creek… / Newcrest: 70% of Red Chris for $1B; Skeena GT-Donnelly $7.5M; Brucejack $3.5B)
SOPHIA – sounds very interesting, I expect our 2021 drilling results will tell us whether or not we have much further priority interest – simply, we should be receiving these results any day
NORTH ROK/COYOTE – over 1M ozs of AU equivalent (43-101); lots more exploration potential – nuff said, but further cooperation with First Nation required
KSP – this property, by itself, seems to have an amazing potential – Inel (43-101 currently being conducted), Tami, Khyber Pass, NGU, Pins… - Skeena, our 2nd largest shareholder, potentially interested in at least part(s) of it; if we could only own 1 property, my guess is that this is it!
KINGPIN – no real feel for it; lots of good showings; it’s in good country
OTHER PROPERTIES – Heart Peaks, Hit – haven’t heard anything on them for a while; not sure of their status
CFO – people are selling shares & MP just keeps going down – he just keeps buying on the market – I like that he’s an Insider and keeps wanting a larger part.
So the market is valuing QEX at about $16M, after cash (est. $23-7=$16) – unless all of the 2021 results are a dud, I can’t help but think our MC is really compressed – and ready for a real good pop on good news, who knows, maybe an explosion!
I know I am an optimist, but I try to focus on facts – will we get a Christmas Present?
IMHO DYODD