A couple of things....my comments are based on my own industry experience and knowledge from years of mining gold. If you are a chart trader like I am 53 has a pretty good handle on this. It will likely run to trip 5 or 6. When is a whole different question. I hope we all make some money! 53 is usually on track. I have followed him a long time.
As far as the 43-101 doc. It's not a required SEC doc so if and when we see it is actually company dependent. Colombia rules and laws change so often that I can't tell you without doing some research if it is required to be published there or not. But if so, it's still just a matter of the company making it public via a post of website, etc. The bigger question is what are the AIC's? (all inclusive costs of producing 1 troy ounce of gold.) That's really the bottom line of where the company and it's stock price will be driven. And I have to believe that Kate is honest when she mentions some difficulty in the transactions, mechanization, and probate periods, etc. While Colombia is considered Gold Rich......there are so many intermediaries and hoops to jump through, and corruption, to actually be able to mine gold is almost never ending drama in Latin and South America. So I am safe in saying that there is a bunch of that in play here. Though it does not mean that the mine is or isn't in production. Permits and operation are a whole different issues as well. So....in either case using a formula based on gold in the ground makes sense. Gold production is never provable and 100% gold recovery is not possible. It's all probability and speculation. So, technically whatever is in the ground is more valuable to the company, at least right now, than production. If we had the 43-101 it could change my comments but for now we have to go with what we have.....
We also don't know at present purity content of the gold right out of the ground.....that's a factor as well. So once again, in really "general" terms it can be assumed to be 24k or close to it as a capital pricing strategy. Sure gold is over $1,600 today.....but does it cost (AIC) $500 or $900 or $1200 and ounce to produce it? Input costs are NOT cheap. (as a side note I can openly tell you for 2018 my AIC costs for producing an ounce of gold were $975 per troy ounce as an example. 2019 they will be less for a variety of reason that are irrelevant here....but you get the idea.)
Lastly for now....many don't know that the Spot Price of Gold on the markets is NOT reflective of the price of actual raw gold! The Spot Price is based on a value attributed to refined pure gold.....and the Spot Market is largely based on paper gold that doesn't exist in the first place. It's all on paper and there is not enough gold in the world's vaults to back it. Point being...while yes, the Gold Spot Price is an indicator of supply and demand of paper gold, so to speak, it is NOT a "value indicator" for raw natural gold for a variety of reasons.
Raw natural gold can, again in general terms here, be valued 10% below Current Spot Price, to 10% to 30% above the actual current Spot Price.
So my main point here is that the 43-101 in and of itself isn't a reliable investment document. If we had some production information of history that would change things....but for now the truth is that relying on the "gold in the ground" value is in general a good thing. That means the company has actual physical possession or raw natural gold.
As long as QEDN has a stake in gold mining there will be lots of hoops and caveats along the trail.....
The OTC mine stocks that come and go are usually generally based on the paper gold theory......that's more why they fail than being a scam.
So as a chart trader, QEDN in my view will move up regardless. When? who knows. I'm here for the long haul.
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