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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: loantech3/5/2006 12:18:04 PM
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Here is what I am thinking, buy QEE.
Instead of thinking of 540,000,000 shares I am thinking of market cap. EST. 170 million. Infrastructure alone costs more than that to replace I heard but may be rumor. I will call the pres on this. No one likes QEE but I do. No debt. No hedge and look at these drill numbers of late:
< or 19.8 metres of 23 grams per tonne.>

<55 feet of 0.354 ounce per ton (16.8 m of 12 g/t), 35 feet of 0.264 ounce per ton (10.7 m of nine grams per tonne) and 10 feet of 0.351 ounce per ton (3.1 m of 12 g/t), respectively.>

<Two holes, TJ-216C and TJ-242, had intercepts of 60 feet of 0.357 ounce of gold per ton or 18.3 metres of 12 grams of gold per tonne, and 45 feet of 0.413 ounce per ton or 13.7 metres of 14 grams per tonne, respectively.>

All ounces lifted from NR's on stockwatch.

I think they have 888K ***ounces now in all categories not including what was mined in 2005 and what was added by drilling. But averaging 6.7 grams per ton.

queenstake.com

So counting the infrastructure FREE gold and proving up more high grade with every drill hole.

New reserve calc by months end I think.

*** Very impressive slide show. Just takes minutes. Page 10 shows a different picture of resources than the tables on their website.
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