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Bullboard - Stock Discussion Forum QMX Gold Corporation V.QMX

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

TSXV:QMX - Post Discussion

QMX Gold Corporation > BIG BOY SHAKE OUT
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Post by BlueChipper2020 on Aug 20, 2020 4:33pm

BIG BOY SHAKE OUT

Gotta love the big boys coming in during the last 5 minutes and a few million shares are traded pushing down the price. Washing out weak hands pure and simple. Its a warning to penny flippers to stay away. LOL. 

The company should do good for serious long term investors. Many however do not understand junior mining very well or drill results. The big hole yesterday is good, particularily the large interval within the pit. However keep in mind the down plunge to 1000 metres and the grades. It by itself does not prove out an economical resource. You need the company to do more drilling to expand the deposit and hit other targets like River. They will over time. Good company in a great area with great ownership by major players. 

I got into this for different reasons compared to FVL. My expectations are also different. If you do not understand this industry, you falsely assume this rises like FVL, which is like comparing apples and oranges. GLTA.
Comment by Chartisgood on Aug 20, 2020 6:32pm
Hi Bluechip, I agree mostly but they do have other holes drilled proving up this resource.If I may ask, what are your short term SP expectations for QMX? 
Comment by GNT4132 on Aug 20, 2020 6:55pm
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