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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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QMX Gold Corporation > QMX Valuation is correct- Market has it right as of now

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Post by BlueChipper2020 on Jan 18, 2021 1:19pm

QMX Valuation is correct- Market has it right as of now

The Company is in a great jurisdication with major investors/owners (sprott/ELD/O3 and Probe). They as of now have the following:

1. About 750K ounces at Bonnefond as of the last 43-101. This does not reflect the additional drilling the past few months. It will get better over time and be updated.
2. Lots of other promising targets.
3. Stock price down along with the entire sector.

The quick valuation here is I give them $100 an ounce. That gives them a market value of about $75M which is where the valuation and stock price are now. The market knows what it is doing.

GLTA

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