Feb 19, 2022
We were joined by Stephen Stewart, QC Copper & Gold’s CEO, for a sponsor update. The news out of Quebec is quite encouraging. According to just released drill results, QC intersected 184 meters of .32% copper equivalent, well above the required .2% cutoff grade. Two drills are currently turning, with a third on the way; the goal is to keep increasing the already substantial resource by “turning waste rock into copper.”
Mineralization is abundant, both within the proposed pit as well as numerous areas outside of it. QC is cashed up with CAD $18 million in the treasury and a substantial amount of marketable securities on hand. Thus the company can easily finance its 60,000 meter drill program for 2022. While the stock went higher during the past year, Stewart believes that a story this compelling can only stay quiet for so long, before the market catches on and affords it a more realistic price commensurate with its resource. Company Website: www.qccopper.com Tickers TSX.V: QCCU — OCTQB: QCCUF