Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: jackjc who wrote (8631)	3/31/2006 1:46:47 AM
From: hubris33	of 78417

Gotta have faith in these laggards I guess. Hmmm...Actually I too was getting ready to dump my QEE for lack of performance, but the action of the last two days suggested something at foot. Without the NEM deal, QEE was dead money until gold got to $600/oz. At 50,000 oz production per quarter and 28.5MM in fixed costs there was no way they would break even. Then QEE is a one trick pony with reserves only good for a few years out. They needed an additional property or a big find on their existing holdings. So the NEM deal brings new life. IMHO one of the key provisions of the deal was the tolling arrangement to process someone else's ore. That should help drive costs down below that which the 'self-help' redevelopment plan would have done. This should help generate some profits and stop the PPs. Now if QEE could discover a MM oz or two, NEM would snap them up in a minute. ! <g> H3

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