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luckily I've been able to average down accumulating along the way using dividends from a well paying Reit which I sold out of @ 6 months ago. average price still between 2 & 3 but still believe this will be a 10X for me!!
my first 5 buys averaged 7.59 back in 2011 when they where supposed have the prefeas out in Nov 11
ouch
I realize that but since Monday I've seen the qrm quote with nasdaq designation listed here !!!
does anyone else see that QRM has a nasdaq symbol on this system ?
upgrade
Because
http://www.questrareminerals.com/pdfs/QRM%20December%202013%20Corporate%20Presentation.pdf
January 2014 presentation page 14
I have done several analysis over time which computed that "the average annual cash flow on this stock is projected to be over $4 a share per year over the life of the mine without including depreciation. If you have a pe ration of 8 then u have a sp over $30
Now imagine if they are able to utilize the patents from yesterdays notice
lucky you my current fifo is over $8
I mentioned the plural in partners in post 2766
I thought I read somewhere that Peter was supposed to be in Germany as a guest for a European Miners conference sometime this month. anyone remember this?
Dec 2013 presentation
http://www.questrareminerals.com/pdfs/QRM%20December%202013%20Corporate%20Presentation.pdf
like this line - partners as in plural - Significant discussions underway on a joint venture basis with industrial partners
Have a healthy and prosperous New YEAR - Go QRM Go
could have been an execution of expiring options
Actually fell back to .48 right after the bell
when Qrm was OTC symbol QSURF 20% even 30% moves were common place stay the course !
I have always believed there will be several strategic partners due to the size of "Capex". Some in Europe, as well as North American. if I were a betting man and I am - Canadian Defense ministry as well as US dept. of defense will be involved.
these are just the indicted no inferred in these numbers
the filing today is a confirmation of the % of each element that can be mined from the ore with a return of over $700 / ton from the ore.
I know Taz is in three European countries - hard logistics also behind QRM in facility design - 1/8 the size of QRM.
Quest will be able to handle @ 20% of the total market when the get into full production. 4t/day of ore will be refined. Where else in the Western hemisphere is there supposed to be a processing plant to refine the ore ? !!!
China has plenty of the LREE ; will be a net importer in a few years of the HREE
why am I still here - this is a long term play - in no hurry as my wife still has 8 yrs left before she retires.
this is how I see it playing out as Quebec wants the jobs @800 and TAX revenue for over 100 years. They will help QRM with finding the financing if Quest cannot secure enough junior partners.
Biggest threats would be great Western - Backed by China;
Lynas being able to process HREE
there are plenty of sources - the money comes from refined product
that was a long time ago my avg p/s is a lot lower these days
how much of an ulcer would u have if you've been here since 2010 like me when the price was over $8
picked up another 3500 @ $.4763 a few minutes ago
I too do not believe it is institutions selling as the quote still has a 3% institutional investment. IMHO once we have a couple of JV's you will see the 3% go to @ 12% (at least) and the s\p will take off.
pick up some more this morning @10:42AM
I expect some news @ plan nord and a JV patner before end of year. IMHO
from the conference call - Quest is trying to reduce the capex from building the road by 70% - giving ownership and maintenance rights to Labrador’s aboriginal population that's @ 210M less than published
they will eventually build a separation plant @ strange lake to reduce shipping cost to the St. Lawrence.
Also they are close to providing some product to a client for testing that would lead to an another long term agreement which is necessary for the FS.
from the conference call - Quest is trying to reduce the capex from building the road by 70% - giving ownership and maintenance rights to Labrador’s aboriginal population that's @ 210M less than published
yes I remembered your post but with all the other chatter @ Europe n Asia I had to reiterate your comment
if I were a betting man and I am partial funding will come from the Canadian pension fund
maybe under the water @ strange lake
from what Cashin said in his latest interview I suspect they r looking @ mid to late 16
IMHO
you do know that the Quebec gov't is very interested in making sure this project comes to fruition. (PLAN NORD) Multi millions of tax revenue for years to come!!!
I estimate over 200 million a year in taxes
pick up some more this morning - averaging down
over .81 - when the report comes out I expect at least 3 to 4 x the average volume of 115K
here's hoping for a nice birthday gift (Oct 23)
i know what u mean!!! That's why I stopped buying options based on investor relation's telling us when the pre-feasibility would be released!!!!