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patience u waited this long !!!
it is actually 2 yrs late
I'm sorry I miss spoke the other day. the $5 threshold is to be listed on the s&p 500. Institutional investors generally are not allowed to purchase OTC stocks.
in order for a stock to trade on the amex which this does the stock needs to trade above $5 (Not sure of the duration). Quest changed symbols @ that point from qsurf to qrm. I originally bought qsurf back in 2009 and have been waiting since late 2011 for the prefeasibility which has been delayed for numerous good reasons since then.
The volume is paltry - when the stock was over $5 a while back institutional investors invested and the volume was @ 4x this on a bad day. this is why I asked @ UBS Securities. They have to be buying for clients since it is my understanding that institutions only buy when a stock is over $5.
hard to believe - the total volume was 58,170 so one securities firm did what 93% of the purchases yesterday
hard to believe - the total volume was 58,170 so one securities firm did what 93% of the purchases yesterday
October presentation attached to 2335
it is always a question of supply and demand. for instance
ce is a light RE currently selling @$ 6.5 kg when more mines come on line supply will outpace demand and the price will come down.
you need the right minerals, a place to separate the minerals from the ore, and customers to buy the product. I believe Quest will address these three components very well.
IMHO too many undetermined factors for me to really say! My figures are estimated based on the October presentation. Which (in itself) is an estimate.
will the company put aside 33% for financing ?
will Quebec actually tax @ a rate of 35%?
how much will Plan nord contribute to the infrastructure?
will the company give JV partners a 20% discount on the price of the REE.
Will global warming allow for longer annual production time?
Will the JV partners want stock or a discount on the price?
these questions are still to be determined
At this time my best quess was what I posted in 2337.
QRM has stated it will be posting it's prefeasibility sometime this quarter and some of these questions could be answered
WELCOME to the best heavy rare earth company not in production.
Corrected figures for proper accounting methodology
Total revenue $1,249,115,302
20% discount $249,823,060
Operational Cost $8,829,875
Finance $326,852,581
Taxes = 35% $232,263,425
Avail for dist. $431,346,361
common shares 68,000,000
EPS $6.343
SP IF P/E Ratio 8 $50.75
fully diluted
shares 73,000,000
EPS $5.909
SP P/E Ratio 8 $47.27
My estimate of cash flow and possible share price based on October presentation. I used the average tonnage between Max and average as I suspect the company would mine the enriched zone first.
estimate does not include the sale of ce,la,sm,gd,ho,Tm,Be,Hf from October presentation using metal price per ton and other est prices
EST Annual
production/yr *
tons Current
Price $/kg Annual Cash Flow
ZrO2 24000 $1,625 $39,000,000
Nb2O5 3200 $200,000,000 *
Dy2O3 727.5 $907,000 $659,842,500
Y2O3 5184 $18,140 $94,037,760
Nd2O3 1550 $63,490 $98,409,500
Tb2O3 88.5 $907,000 $80,269,500
Pr2O3 494.5 $126,980 $62,791,610
Eu2O3 20 $725,748 $14,514,956 est price
Lu2O3 55 $4,536 $249,476 est price
1,249,115,302
$999,292,241 20% discount
Productiion cost est including
salary Tons 35319.5 250 $8,829,875 op Cost
$990,462,366 cash flow
0.65 35% Taxes
$643,800,538
$212,454,178 Finance Cost Est 1/3 of cash flow
$431,346,361
68,000,000 common shares
$6.34333 EPS
$50.75 SP P/E RAT 8
I kept hearing the processing Plant was supposed to be on the St. Lawrence - not so sure now October presentation
http://www.questrareminerals.com/pdfs/QRM%20October%202013%20Corporate%20Presentation.pdf
With QRM's proposed location of processing plant on the St Lawrence: it will be able to run year round instead of the 7 months that it would of been in operation near Strange lake. It will also have easier access to energy and materials for the processing.
avl will move the material by conveyor belt out of the mine and stockpile their material lakeside until the lake is unfrozen in July and August. They will then ship across the lake to their processing plant the process in the mine seems quite costly to me.
little movement on very low volume !!
stick around you will definitely be glad you did!!!
the whole market tumbled @ 3:30 as worries over the debt-ceiling and a drop in consumer confidence scared the bulls and brought out the bears.
it will take approximately 18+ years just to mine the enriched zone @4 tons a day processing. $$$$$ I wonder what is under the Lake? Most of these sites look to me to be meteor impact craters
volume also picking up !!!!!!!!
notice the 9K buy after 4 to bring us to $.78
broke 50 - 100% gain in two years go go AIG
somebody knows something
look @ the volume !!!
picked up another T today @ .658
i'll be here for another 7 yrs waitng on my warrants @ 45
more likely GE
repeat after me
patience is a virtue I do not have
was trading halted today and why?
we should see an announcement next week as to what the dividend will be in Sept. That will drive the direction of the SP in the short run.
imho we will not see any great movement till the prefeasibility is released. I stopped buying options since they can't delivery on the date of release!!!!
Courts ruled Bernanke has to be deposed in case against Federal Gov't 80% takeover of AIG.
if Agnc was truthful in their presentation at MS Conference.
"American Capital Agency Corp. (AGNC) presenting at the Morgan Stanley (MS) Financials Conference on June 12, 2013, indicated that on June 7, 2013 the duration of their mortgage assets was 5.2 years and the duration of their hedges and liabilities was -4.5 years for a net duration of 0.7 years."
then the hit on Book value will be far less than the market expected and the S/P will soon recognize that
Also this stock is still 41% institutionally owned which is a healthy indicator
my quess is they had to get Dr. Dirk Naumann as Vice-President, Development up to speed on the project for his sign off.
hopefully without much dilution
Calculations
Zirconium
24000 tons
1625 current $/ton
$39,000,000.00
20% discount
$31,200,000.00
what I hope they can find a buyer for besides the REE
Beryllium
4000 tons mine extract / day
0.000575 percent of extract
2.3 tons per day
$880,000.00 current $/ton
$2,024,000.00 per day
180 days of operation /yr
$364,320,000.00
Wishful Thinking
September pre feas does nothing for my july 20th options
LOI could be worth upward of 30M / yr cash flow
only thing I see new is mentioning study of tracking caribou migration and a decrease of cash on hand
in my world everything is a paper loss until u sell. my avg ps after divs which I have not had to pay taxes on yet; is under $21 so I am still in a positive position. the Fed is so confused they want a 6.5 unemployment rate. U do know they adjusted the methodology of calculating the UR in the summer of 2012. The economy is in worse shape than they r letting on. IBM just cut almost 3T jobs. Watch the UR start to pick up when others follow. On our side housing is picking up which means more mortgage applications which means higher rates and bigger spreads between st n lt.
the 1.05 dividend represents > 4% return for the quarter.
enough said. need to see upcoming financials to determine sustainability.
the book value has increased over that same time period now over $28 per share. what was it back in Dec 2009 when the company was 18 months old?
these are the correct # of shares
AGNC preferred shares 10,000,000
AGNC new preferred shares 20,000,000 if authorized
AGNC Common shares 396,450,000
less than 2.5 %
the dilution of shareholder equity is minor compared to the fall in stock price.
Institutional investors still hold 41 % of company
I took 1/3 of my shares off the board and the other 2/3 r all profit after taking into consideration the div's for the past 4 yrs. wish I had some dry powder. As I stated in a previous post they had $400M + slated for common share buy back that's @ 1.5M + common shares coming off the table @ this SP