SciQuest SQI

Davidson Property

[JustAnotherGuy]

In the meantime, RVC has resumed drilling on the Davidson property (the northern part of RVC's Blackwater Gold Project). As you all know, SQI still holds a 25% interest in the Davidson property.

Read:

"The recent assay results mean that we’re still open to the south. We may or may not have closed it off to the southwest; we’re not sure yet. It’s still wide open to the east. The northeast may have been closed off on the south side, but it’s still wide open on the north side on the Davidson Property, where we have a joint venture with Silver Quest Resources Ltd SQI:CA."

Source: https://resourceclips.com/2010/12/15/richfield-presidentceo-peter-bernier-on-bc-gold-assays-of-0-84-gt-over-121m/

"We’re going to start drilling, likely on the north side of the project at the end of January. We’re going to pull in next week and get everything up and running again and build some drill paths and open up all the roads. And then we’ll start drilling near the end of the month. And we hope to put a resource for the south half out some time in February."

Source: https://resourceclips.com/2011/01/13/richfield-president-peter-bernier-on-bc-assays-of-1-23-gt-gold-over-222-m/


Guy

[zadman]

Welcome back Guy, we are all lucky to have you as you're a great source of information.  I am long with about 1/10th of what your holding - around 50,000 shares.Question for you or anyone else who may have the answer:Recent interview with CEO  of SQI indicated an $8MM treasury.  Where the hell did this come from?  They raised money back in summer/fall 2010 for roughly this

[JustAnotherGuy]

Thanks, Zad! I recently asked Jasmin (IR SQI) for an update, and this is what I got for the working capital and the share structure (all numbers are as of December 31, 2010): - Working Capital: CDN$8.4 million - Comon Shares, Issued & Outstanding: 92.2 million - Unexercised Options: 7.1 million - Unexercised Warrants: 3.5 million - Comon Shares, Fully Diluted: 102.8 million But