Post by
arh0070 on Oct 18, 2011 3:39pm
sqi
Sqi has sold out too cheaply .the blue sky on the blackwater deposit is huge ,this is manifest by new gold buying up the surrounding land and the fact that they are fast tracking it with mutiple drilling rigs on site which are only just beginning to kick in .One can expect that great results will be published once the takeover goes through .The problem I guess for sqi is that they wouldnt have the money to pay thier share of the open pit and mill .Small mining share prices are down and new gold has taken advantage of this getting sqi really cheap .Personally provided that gold/silver prices stay up new gold is growing like crazy with el morro and blackwater to develope with loads of cash and another mine opening next year .I dont think that there is any doubt that new gold will be gobbled up by a big fish(probably goldcorp) just like they have gobbled up a couple of little fish like sqi .
Comment by
Zebull on Oct 18, 2011 5:24pm
I agree with your comments. If you believe that gold has more upside going forward then it makes sense to stick with SQI, or shoud I say NGD. Either way, I'm staying put and looking for more $$.