Quest Rare Earth Minerals - Was Quest Unranium Corporation - FWR Spinn off

Uranium and Rare Earth Elements Exploration in Canada

Free
Message: Quest

Quest

posted on Apr 07, 2010 04:27PM

Today, two reports came out.

One from Kaiser, and another from Pescod. Here is a snipit from Pescod 'referring' to Kaiser's report:

GS40

In a new report today that has all sorts of information on Quest, one of
the tidbits he writes is “Synopsis: Quest Uranium released on April 7,
2010, an initial 43-101 compliant resource estimate for the B Zone on the
Quebec side of its Strange Lake project which confirms it as a top contender
for the solution to the problem of non-Chinese rare earth supply
especially with regard to the “heavy” rare earths.” He continues
“Wardrop Engineering Inc provided inferred tonnage and grade estimates
for 8 different cutoff grades which produce results remarkably similar to
what I estimated in Tracker 2009-11 published on December 15, 2009.”
He continues later in the report “Based on the $3.49 closing price on
April 6 and 48.5 million shares fully diluted, (which isn’t much in the market
these days folks, its still relatively leveraged), the implied value of
Quest’s 100% Strange Lake project was $169 million, which now looks
very cheap compared to the valuation of other advanced rare earth projects.
Kaiser continues “A short term doubling of the stock price is a
plausible response to this resource estimate milestone with further gains
contingent on the next arguably far more critical milestone expected in
June 2010:
an initial metallurgical study by Hazen Research on B Zone
material.”

Share
New Message
Please login to post a reply