Opinions
Jean-Francois Tardif
QMX Gold
QMX-T
BUY
Feb 26, 2007
Stock price when the opinion was issued
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Owns shares at 10 cents They have an old Quebec mine, but the project has been dormant. He's excited about it now, though. QMX's neighbours in St. Catharines just got taken out for $32 million, and QMX's project has way more area. This project, a mill, is now back up and running, and the mill will pay for the overhead. This sector was decimate, but now with the revival in gold, projects like this will get started again. He'll continue to hold QMX. He can wait till it gets going. Hold at 10 cents. QMX is a speculative, "fishing" stock though. Safer are Agnico Eagle or FNV-T.
All projects like QMX, which have laid dormant for some years, are being activated again. These will be taken out and this is what is happening here. It will be taken out by Eldorado. There will be amalgamation in the sector so look at producers who have leverage and those who are re-activating.