As a result of adding a new analyst, we are transferring coverage of the following companies. As a result of a reallocation of resources, Red Cloud is discontinuing coverage of the following companies.
Quebec Precious Metals (QPM) released new drill results for four holes from the La Pointe Extension area at its 100%-owned Sakami project in Quebec. The company also announced the discovery of a new high-grade zone ~110m NW of the La Pointe Extension. We are adding a BUY (Speculative) rating to QPM as we believe the company could continue to add value for shareholders through the drill bit with positive drilling results as it progresses towards establishing a maiden resource estimate at Sakami in H2/2021.
Quebec Precious Metals (QPM) released new drill results from the La Pointe Extension area at its 100%-owned Sakami project in Quebec. The company reported assays from five holes from its 19-hole (~4,900m) summer diamond drilling program. As QPM continues to churn out positive drill results from the La Pointe Extension, this validates our original thesis that QPM was primed to expand on its initial discovery in James Bay. We believe there is more to come from the Sakami project, and that QPM could continue to add value for shareholders through the drill bit.
Quebec Precious Metals (QPM) announced the discovery of the La Pointe Extension following its 7,448m winter diamond drill program on its 100%-owned Sakami project in Quebec. The company reported 2km of new drilling at the Sakami deposit that shows mineralization extends over ~900m and contains VG. This new discovery validates our view that QPM was primed to expand on its initial discovery in James Bay. With a property flush with exploration potential and cash (C$5.7M), we believe QPM could continue this trend of adding value for shareholders through the drill bit.
We are launching coverage on Québec Precious Metals (QPM), a strategic player in the emerging district of the Eeyou Istchee James Bay territory in Québec. The company is back stopped by the well-drilled (33,000m) La Pointe deposit which is on the cusp of a maiden resource and is part of a larger 874km2 target-rich portfolio of projects. With a property flush with exploration potential and a strong balance sheet (C$6.5M cash) primed for the occasion, our view is that QPM is positioned for discovery in James Bay and should re-rate in the process.