Bullboard - Stock Discussion Forum QMX Gold Corporation V.QMX

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QMX Gold Corp is a junior exploration company. It is engaged in mineral exploration and evaluation properties in the province of Quebec. The Company is focusing on the exploration and evaluation of its gold and base metal projects within this region. It is also focused on the Val d'Or mining camp in the Abitibi District of Quebec. It holds the Aurbel property and holds a 100% interest in the... see more

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TSXV:QMX - Post Discussion

QMX Gold Corporation > O111

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Post by Goodbadandugly on May 28, 2020 10:49pm

O111

If O3 have SO many ounces, and SO much money on hand, why didnt they
buy the mill right now and pay for it?

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Comment by loonietunes on May 29, 2020 3:25pm

My thoughts only. With the summer drill season ahead of them and a flow through, drill while the sun shines! We'll be aquired when they(OIII)are closer. They wanted to move early because the entire camp(Val Dor) will see a lot of activity this summer. $20 million is a lot of meters. The mill isn't leaving town.

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Comment by Goodbadandugly on May 29, 2020 6:34pm

Yes, good deal for O3, not so good deal for QMX!! Cash NOW for QMX would have meant they can drill a whole lot more meters at Bonnefond deposit than their planned only 3,800 meters and their planned "one" drill rig at River target could have seen much more drilling!!

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