Power Ore Changes its name to QC Copper and Gold, effective September 28, 2020
Looks like Power Ore were early arrivals in the "energy metals" concept trade... likely with the focus in the Gowganda's cobalt... but then abandoned that focus just one month before it became the hottest trade in the market... following the selection of Jolly Green Joe as the U.S. Proxident. I wonder if they still own all the same properties ? The current focus is on Opemiska, in Quebec, which they obtained elsewhere... and Roger... also in Quebec.
On September 20th, 2021, QC Copper released its Maiden Resource Estimate consisting of 81.7M tonnes @ 0.88% CuEq of pit constrained Measured and Indicated Mineral Resources and 21.3M tonnes @ 0.73% CuEq of Inferred Mineral Resources.
Their website says that as QC Copper and Gold, QCCUF / QCCU.V they have defined a resource of 874,450 tons of copper metal equivalent... which isn't a bad place to start out when refocusing as a copper explorer... they list it as: 1.58Bn CuEq lbs @ 0.88% CuEq in M&I category & 345.8M CuEq lbs @ 0.73% CuEq Inferred, with equivalent credits for values in gold...
QC's 117 million shares outstanding... versus Kerr / Sabre's holding of fewer than half a million shares... looking again, it is 440,248 shares... makes it a relatively insignificant % participation... assuming they still hold the shares... at $0.37 currently worth $162,888 CAD.
Companies tend to present "properties" they own as hard objects when addressing them to investors... but the reality in the market seems to remind me more of "racing for pink slips" than it does "investing"...
I have no idea, now, what happened to "Orefinders’ silver-cobalt assets, comprised of the Mann Mines and MacMurchy properties" ??? |
