Gold may well be in the midst of an historic bull market. Since the recent run-up began in the fall of 2018, gold has soared 72%. It’s also outperformed the S&P 500 by more than 4 to 1 since the year 2000, rising 627% versus only 140% for the S&P 500.
QMC Quantum Minerals Poised to Profit from Historic Gold Bull Market
But Hudbay just missed the discovery it was seeking – and QMC found it!
The yellow metalhas already closed above $2,000 an ounce for the first time ever, a 72 percent increase since the most recent rally began in the fall 2018 — and a 35 percent gain so far in 2020.
The mineral wealth is due to the province’s location on the southern flank of the great Canadian Shield, a massive area (3 million square miles) of exposed high-grade metamorphic and with an abundance of Volcanogenic Massive Sulphide (VMS) deposits. The VMS deposits are ore bursting with minerals, including Copper, Zinc, Nickel – and Gold!
At the time, Gold was selling for significantly less. It just didn’t make economic sense to continue developing the property.
The discovery in Drill hole RL 11-2is huge for QMC Quantum Mineralsas it confirms management’s belief that they are sitting on a massive deposit, what executives call “Lalor Lake style potential.”The Lalor Project, owned by Hudbay,is a Gold mine located in the same FlinFlonregion of Manitoba as Rocky Lake with probable Gold reserves estimated to be 1.49 million tons (Mt) graded at 5.26g/t Au.14
All of this QMC Quantum Minerals share holders may be quite literally sitting on an undeveloped but potentially massive gold mine. Looking at recent explorationas well as at historical records, evidence now suggestions that suggests tons of high-grade, Gold-rich ore may be waiting for QMC Quantum Mineralsto evaluate and exploit.
Right now, QMC Quantum Minerals is flying below Wall Street’s proverbial radar. But all that could change, and change quickly. As the price of gold continues to rise, any discovery on Quantum Minerals’ 105 square miles of property could trigger a surge in its share price.
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