Just reading through some research reports before I go decorate that Christmas tree that's been sitting unlighted now for 1 1/2 weeks and came across James West's Midas Letter report on SQI which was added fairly recently. Disclaimer - I own SQI.

Mr. West writes...... I've been growing more and more bullish on Canada's Yukon as its shaping up to be one of the next major gold production areas, evidence Kinross's acquisition of Underworld earlier this year.

SQI is one of the Yukon's biggest landholders with two of its BC projects very advanced. But what's been missed by the market at large is the fact is SQI's Davidson project is optioned to Richfield Ventures who has been experiencing some "knock 'em outta the park drill results from that project" which results have carried the shares of Richfield from $1 a share in July to nearly $5 a share in December. SQI has almost a 25% interest in that Davidson project and this alone should have propelled SQI's price. On this basis alone, SQI's price is undervalued. West said he is excited about SQI as there is much coming in the way of drill results. The share price may be under pressure by soon to be free trading 11 million plus shares from the August $8 million dollar financing but its good assay results may cancel that out.

Midas Letter Results (his recommendations) in 2010: From January - June, 86%; from July - September 45%; for October, 36%; for november 37%