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http://www.stockhouse.com/companies/bullboard/qrm/quest-rare-minerals-ltd?postid=23393291
I do not know if this answers your question
Details of my conversation with Mr Cashin
The reason they have delisted, was that the cost to maintain the listing, it was costing in excess of $300k per annum.
As I do not know about pink sheets, I did not discuss this.
The PFS is changing for the better (when it is released)to reflect current market trends, transportation roads etc, hydro to Strange Lake all under the microscope. Hoping to produce on site Hydro. Peter Lortie is a major asset to the company and is fully committed to seeing our company succeed.
Well, just got off the phone after speaking with Mr. Peter Cashin, PFS will be released in third quarter and feasibility 2016.
Construction 2017 and plant operating 2019-2020
Quebec government in dialogue with Quest and possibly financial news prior to PDAC 4th March,(he was optimistic)
My conversation with Mr. Cashin has left me with the same outlook as 3 years ago, hence I am here for the long run. We have to all hold in there I guess.
Let me guess, he tells you nothing, basically investors have no rights to information on the company, says all is well and on schedule/and all is good,(I am assuming you spoke to him)This has been my past experience with him. The previous PR was more enlightening.
Have you had any luck talking with Mr Singh
Happy New Year.
Do you know something that we do not.
Someone asked many months ago what was the original estimated Capex
http://investorshub.advfn.com/Quest-Rare-Minerals-Ltd-(TSX-QRM)-20178/
back in 2010 it was estimated that the Capex would be C$563.4 million
HOW DID THEY GET IT SO WRONG
"Preliminary Economic Assessment (September 2010)
"The results show positive cash-flow, a strong Internal Rate of Return and strong Net Present Value metrics at discount rates of up to 20% for a potential mining operation at Strange Lake (Table 3). The Wardrop study utilizes an open-pit mining operation model and a Total Rare Earth Oxide (TREO) price deemed conservative, as it is similar to the 2007 trailing three-year average price. Accepted consensus is that REE prices have increased since 2007. For this study, the total tonnes of concentrate produced of TREO, Nb2O5 and ZrO2 were considered marketable and contribute to revenues in the financial model.
"Wardrop applied a conventional Truck and Shovel open-pit mining operation model to the Strange Lake B-Zone deposit at a production rate of 4,000 tonnes per day (tpd), for the first 25 years of production, using the 1.0% Total Rare Earth Oxide (TREO) cut-off presented in the Preliminary Resource Estimate previously reported by Quest (see Press Release : April 7, 2010: 40.4 million tonnes grading 1.161% TREO, 2.07% zirconium oxide (ZrO2), 0.25% niobium oxide (Nb2O5) and 0.053% hafnium oxide (HfO2), see cautionary statements below). The total operating costs per tonne of ore milled is estimated to be C$102/t. Under these project parameters, the B-Zone operation would pay back capital expenditure (CAPEX), have a positive cumulative cash flow in the fourth year of operation, show positive pre-tax cash-flows of up to C$368.2 million per year, an Internal Rate of Return (IRR) of 36.4% and finally a Pre-Tax Net Present Value (NPV) of C$1.41 billion at a 12% discount rate. The project remains strongly positive when applying up to a 20% discount rate. Life-of-Mine Total Pre-Tax cash-flows of more than C$7.97 billion have been calculated.
"An estimated CAPEX of C$563.4 million will be required for establishment of the mine, mill/concentrator, site utilities and storage, road and slurry pipeline construction to the Newfoundland and Labrador coast, tailings facilities and infrastructure development required for the operation. A 25% contingency cost ($99.3 million) was included in calculating total project expenditures..." www.sec.gov/Archives/edgar/data/1514341/000095012311022132/m69036exv99w2.htm
Pierre Lortie, M.C., FCAE
His pedigree speaks volumes, to have him onboard is a major asset.
The companies he has worked with, has given him such expertise.
Whence he applies his knowledge and expertise, IMO quest will be a force to reckon with.
I agree that the goal post keeps moving, I know that quests knows that small investors are peeved off with deadlines not on time and completion/start up delayed.
As stated before I am here for the long term, my due diligence has not changed. Quest is sitting on a huge mine, with a net worth
quarter trillion $ of ore, and more. Not to mention Misery Lake as well
http://investorintel.com/technology-press/buffett-ready-double-15-billion-solar-wind-bet/
Would be nice if someone called him and asked to invest in QRM.
After speaking with Anil Singh last week, I was given the impression that
Financial institutions are seeing Quest as an important company since the "Revised and Substantially-Improved PEA Development Plan for its Strange Lake Project"
In the coming months we will hear positive news regarding financing.
I guess to day is not positive news,
can some one tell me exactly what has happened to day, and why the crash
http://translate.google.ca/translate?hl=en&sl=fr&u=http://www.plannordemploi.com/actualites-plan-nord/&prev=/search%3Fq%3Dplan%2Bnord%2Bplus%26biw%3D1067%26bih%3D850
Quebec should fully exploit its natural resources 24th April 2014
""In 2013-2014, the royalties paid to the province by the resource sector exceeded $ 1 billion. And according to plan, the Plan Nord is expected to generate investments of over $ 80 billion - including $ 28 billion in mining and 47 billion through energy projects - which would support 20,000 jobs,
MAY 22nd
Prime Minister Philippe Couillard
Saying he wanted to give an "unprecedented momentum" in the Quebec economy, the Prime Minister Philippe Couillard up the first steps leading to the recovery of the Northern Plan and the establishment of maritime strategy, two election commitments of the Liberal Party Quebec. -
good to see a little action on the TSX between 3.49pm - 4.00pm
Just spoke with Anil Singh,
Quest is alive and well, focusing on finance and further reducing the CAPEX.
Pierre Lortie, M.C., FCAE, compares
Quest to Alcan as being a world leader in Critical/Heavy Rare Earths for the long term.
Therefore in my opinion
Quests future is going to be a force to be reckoned with.
Financial institutions are seeing Quest as an important company since the "Revised and Substantially-Improved PEA Development Plan for its Strange Lake Project"
In the coming months we will hear positive news regarding financing.
http://www.questrareminerals.com/media.php
Luisa Moreno, Euro Pacific Canada
a video from quest's web site from the 2nd May, Interesting.
I am still here for the long run!!
http://investorintel.com/rare-earth-intel/lifton-weslosky-technology-metals-report/
"Peter Cashin, CEO of Quest Rare Minerals (‘Quest’, TSXE: QRM | NYSE MKT: QRM) hosted a General Meeting in Montreal last week after delivering a very important announcement related to an improved Preliminary Economic Assessment (PEA) indicating a one billion dollar cost reduction. Jack notes, however, that the overall project still costs well over a billion dollars. He warns that “anybody looking for a billion dollars is standing in a short line and on the edge of a cliff….I would say that Quest’s number one problem is raising that kind of money in this market or the market in the near term…and I also noticed that their PEA shows they would be in operation until 2019 perhaps 2020; so it’s hard to factor anything like that into estimates of future supply and demand.” In contrast, I observe that the recently elected Liberal government in Quebec is very good news for Quest, as it should resume the kind of support to the resource sector that has made Quebec such a desirable mining destination. I would be willing to wager that Peter has investment suitors that are seriously reviewing…Quebec is the dark horse in this sect". - See more at: http://investorintel.com/rare-earth-intel/lifton-weslosky-technology-metals-report/#sthash.egq5BzT8.dpuf
If you are unable to participate in the conference call, a replay will be available by dialing 1 800-408-3053 Toll Free and entering passcode 1808007. The replay will be available until April 17th
0.8920 CAD/USD
Just released yesterday
March 17, 2014 Quest Rare Minerals Annual Report 2013
http://www.questrareminerals.com/pdfs/QRM%20Annual%20Report%202013-Web.pdf
Quest is also in discussions with potential joint venture partners for the development of separation technology
for individual HREEs from concentrates. Potential industrial partners include leading experts in the field of rare
earth refining and specialty chemical product manufacturing. Quest’s objective is to have a separation plant
operational at the same time as the start-up of its materials processing operation.
Potential Efficiency Improvements
Quest has identified numerous efficiency and operational improvements to the base case assumptions presented
by the PFS which are intended to reduce project capital and operating costs, impact product yields and lessen
product supply risks. These improvements will be evaluated during the definitive feasibility study work to be
initiated in early 2014.
Did you hear from Quest directly that news was on the horizon. Just curious.
quests toll free number
1 (877) 916-0777
This is not for the faint of heart, up down anyone got an aspirin
25th April 2011 QRM was $8.64 volume on that date was 696,553.
Long ways to go yet, I am here for the long run
1.6 million volume between NY and TOR, have not seen this in a long time
I wonder did I let the cat out of the bag posts 2969 2970 LOL
One Million shares traded on the US market today 3.15pm Must be a record
I just wonder why quest is not informing us, to me this is huge.
There it is in black and white, the Quebec government (plan Nord)is or will be a partner.
CHECK THIS OUT
go to page 92
http://www.budget.finances.gouv.qc.ca/budget/2014-2015/en/documents/BudgetPlan_1415.pdf
This is for 2014/2015
Accordingly, the Québec government will continue to negotiate, through
Ressources Québec, equity stakes in the most promising mining projects.
To date, the Québec government is already a partner or has offered to be a partner
in ten or so projects most of which include processing in Québec. They are located in various regions in Québec:
— the phosphate mine and plant project of Arianne Phosphate in Saguenay–Lac-
Saint-Jean;
— the iron mine and deepwater port development project of Oceanic Iron Ore, in
Nunavik;
— the rare earth mine development project of Quest Rare Minerals at Strange
Lake in Nord-du-Québec and the construction of a plant at Bécancour;
Overall, the projects the government is supporting could potentially generate
investments of nearly $10 billion in the next few years and create more than
2 800 direct jobs in Québec’s resource regions. In addition, these projects will have
substantial economic spinoffs:
— they will lead to the creation of more than 2 400 indirect jobs for industry
suppliers in every region of Québec;
— they will add $1.9 billion a year to economic activity in Québec.