Silver Quest Resources (SQIFF) (SQIFF)

[doogdilinger]

Very nice kiwi...market likes it!

[kiwisteve]

New Gold Agrees to Acquire Silver Quest Resources Ltd. Consolidates Ownership of Blackwater Project in British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2011)
http://www.marketwire.com/press-release/new-gold-agrees-acquire-silver-quest-resources-ltd-consolidates-ownership-blackwater-tsx-venture-sqi-1573669.htm

[gharma]

SQI came on my horizon late 2009. Last year after they optioned out Davidson prop to Richfield, which more than doubled that by staking, and with minimum drilling investment Richfield did a 10x to the buy-out, I was pissed at the almost non-existent development SQI was doing (pretty cash low).
I would not be surprised to see the value of their 25% in the JV increase as most of Richfield value at buy-out was in work on what they staked, and one would have to believe the first claims in the area covered better prospects, but then as above so below does not apply to deposits.

Now they have higher costs with the new JV but their ability to raise cash with less dilution is improved.

I have always thought they kept their better BC project when they optioned to Richfield, and they are now starting to work it up again (finally), plus they did get some centrally located Yukon claims fairly early and then optioned more and are working them.

They have been in their areas fairly long and made it through the big downturn, so they know how to manage costs (good given their commitments to maintain claims and options) and they are finally financially able to start working their properties again.

SQI is a long-term for me (for now) with a zero-cost holding. I may expand depending on their field season and pace of the JV, but expect an underlying long gradual uptrend for them with potentials for some big spikes. Their 25% JV is a big game changer in their mix.

Just my opinion of course, do your own headwork.

[doogdilinger]

Beauty uptrend still completely intact!

[doogdilinger]

Tickity tickity tick tick tick...up up up we slowly but surely continue to go weeeeeeeeeeeeeeeeeee

[doogdilinger]

I knew this thing was gonna continue ascending to ever higher heights as more and more players continue accumulating cha-ching>>>

[12thman]

Also listed as SQI on the TSX.

[12thman]

Quite a few expoloration properties in their pocket...

[12thman]

Looks very promising.

[12thman]

Adding SQIFF to my watchlist.

[JimLahey]

SQI CEO & President Randy Turner on Industry Watch with Peter Grandich and Al Korelin.

Just posted this over on the TSX board but thought it was worth posting here. Good vid imo.

[doogdilinger]

Likewise...been quietly accumulating a starter position over the past couple of weeks glta

[Huntewr7]

Leafs007, Just started the dd process. Looks good so far. Was no. 3 on bookmarks. Not much info given.

[Leafs007]

I think that this is a great mining company...has lots of cash relative to many junior companies...

anyone here?

[Leafs007]

hy there anyone home?

[drluck]

Up 10%