Opinions Michael Smedley
QGX Ltd.QGX.TOHOLDMay 25, 2005
Going through that difficult patch that all the junior explorers are. Has interesting assets, particularily in Mongolia. It might well become an important producer one day. Has news flow and might want to produce more to convince the market, but there's not a lot of great action out there. Wouldn't be his favourite stock.
$1.70
Stock price when the opinion was issued
precious metals
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COMMENT
Gold exploration in Mongolia. Barrick (ABX-T) owns about 10%. He owns 2 uranium companies working in Mongolia, so doesn't like to have any more exposure in that country. Good management.
Jean-Francois TardifOwned
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STRONG BUY
One of the cheaper stocks on the board. Totally misunderstood. It's in Mongolia, which is viewed as a problem by a lot of people. Have a terrific coal property. Feels there will be some sort of transaction on the coal project which will validate the under valuation of the Company.
John EmbryOwned
precious metals
BUY
Really likes this firm and own as much as they are allowed (19.9%). Drilling results indicate potentially a lot of coal. Also have gold assets.
Jean-Francois TardifOwned
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TOP PICK
A stock that is badly misunderstood. Not only a gold stock, but have acquired a phenominal coal asset and molybdenum asset. Any one of these 3 defies the current price of the stock.
John EmbryOwned
precious metals
PAST TOP PICK
(A Top Pick Dec 22/04. Down 29%.) Remarkably cheap. Since he recommended it they have acquired a coal property which is worth more than the whole company. They also have the Houston Molygneum property in Mongolia.
John EmbryOwned
precious metals
TOP PICK
Liked for a long time. Resourse est. Gold 3 million oz. Also has coal assest. All in mongolia. Land package + quality of managment makes it a terrific junior.
John EmbryOwned
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