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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (92432)8/19/2020 8:27:09 AM
From: Goose94Read Replies (2) of 202922
 
QMX Gold (QMX-V) Mackie Research Spec Buy Target 50 cents up from 35 cents

We are increasing our target price on QMX Gold to $0.50/share from $0.35/share to reflect what we view as another positive update from the company’s ongoing drill program in the Val-d’Or East project of northwestern Quebec.

Yesterday, QMX announced the intersection of 1.1km averaging 1.48 g/t, starting at 69.4m down-hole.

Of particular note, hole 121 returned multiple higher-grading intercepts along its entire length, highlighted by 6.48 g/t over 73.2m and 35.56 g/t over 4.0m.

We maintain our SPECULATIVE BUY recommendation.
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