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| | Corporate Profile: Quest Rare Minerals Ltd
Publisher: Kaiser Research Online
Author: Copyright 2009 John A Kaiser
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Quest Rare Minerals Ltd (QRM-T)
| Quest Rare Minerals Ltd, originally Quest Uranium Corp, was created as a spinoff from Freewest Resources Canada Inc to hold the uranium exploration assets Freewest had staked in eastern Canada, including the Strange Lake property in Quebec. Freewest shareholders received 1 Quest for 25 Freewest and the opportunity to participate in a rights offering before Quest started trading on Jan 11, 2008. The Strange Lake property, which includes the Quebec portion of the 52 million tonne Strange Lake Main Zone rare earth deposit discovered by Iron Ore Company during the eighties, became the company focus in April 2009 when management realized that the system's high percentage of heavy rare earths made it relevant as a potential alternative source to the southern China ion adsorption clay deposits whose viability as a long term source was coming into question in the face of rising demand from new technologies undergoing commercialization such as hybrid cars. Work during 2009 led to the discovery of the BZone, a large near-surface deposit on the Quebec side for which a 43-101 inferred resource of 114.8 million tonnes grading 0.999% TREO with 43% HREO at a cut-off grade of 0.85% TREO was published in April 2010. Metallurgical studies completed in Q2 2010 led to publication of a positive PEA in September 2010 which envisioned a 4,000 tpd mining scenario based on a resource of 33,929,000 tonnes of 1.161% TREO and a 77% recovery. Quest also completed a 15,000 m infill and delineation drill program on the BZone which will be the basis for an updated resource estimate in March 2011 which is expected to boost the grade of the resource on which the PEA was based. During 2011 Quest will conduct a prefeasibility study on Strange Lake which will include scaled up metallurgical studies and additional infill drilling. |
Key to Understanding IPV Charts and Spec Value Hunter Tables
| An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production. |
| Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked. |
Poor Speculative Value -   |
Fair Speculative Value -  |
Good Speculative Value -   |
| Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits |
| Click on the company name to view the company profile, the project name to view project details. |
| Click on the project icon if its background is shaded to get the IPV Chart for that company. |
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