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Last C$0.27 CAD
Change Today 0.00 / 0.00%
Volume 0.0
GQ On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 2:54 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

great quest fertilizer ltd (GQ) Snapshot

Open
C$0.30
Previous Close
C$0.27
Day High
C$0.30
Day Low
C$0.25
52 Week High
07/24/14 - C$1.97
52 Week Low
04/30/15 - C$0.23
Market Cap
13.4M
Average Volume 10 Days
20.8K
EPS TTM
C$-0.04
Shares Outstanding
49.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GREAT QUEST FERTILIZER LTD (GQ)

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great quest fertilizer ltd (GQ) Details

Great Quest Fertilizer Ltd. focuses on the manufacture of fertilizers. It intends to develop African agricultural mineral projects for local production of farm ready fertilizers. The company’s principal property is the Tilemsi Phosphate Project that covers an area of 1,206 km² in northeastern Mali. It also intends to develop the brownfield potash brine opportunity in Botswana. The company was formerly known as Chromos Molecular Systems Inc. and changed its name to Great Quest Fertilizer Ltd. in June 2014 as a result of business focus shift from gold exploration for fertilizer manufacturing. Great Quest Fertilizer Ltd. was founded in 1989 and is headquartered in Toronto, Canada.

Founded in 1989

great quest fertilizer ltd (GQ) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer and Secretary
Total Annual Compensation: C$128.6K
Chief Operating Officer
Total Annual Compensation: C$203.6K
Compensation as of Fiscal Year 2013.

great quest fertilizer ltd (GQ) Key Developments

Great Quest Fertilizer Ltd. Reports Filing of an Updated Preliminary Economic Assessment of its Tilemsi Phosphate Project in Mali, West Africa

Great Quest Fertilizer Ltd. reported the filing of an updated Preliminary Economic Assessment ("PEA") of its Tilemsi Phosphate project in Mali, West Africa. The PEA, originally filed on February 17, 2013, has been updated to include the pilot plant phase of operation announced on December 18, 2014. The addition of the pilot phase of production (Phase 1) has allowed for greater optimization of Phase II, the full scale operation. Phase I has a demonstrable impact on the economics and risk profile of the project. This has resulted in a new Net Present Value after tax of $432.1 million and internal rate of return after tax of 55%. The PEA evaluates the economics of the proposed initial phases of the phosphate mining and processing at the Tilemsi Phosphate Project in Mali. The Phase I conceptual project development includes pilot-scale mining, beneficiation, NPK blending and the granulation of 40,000 tons of phosphate rock per annum for twelve years. The pilot plant will be located in the agricultural area of Dogofry, 1,024 km south west of the Tilemsi mining property. The Phase II proposed project development would proceed upon determination of the success of Phase I results over a complete year of full operation. The Phase II operations will be located in Bourem, 95 km from the Tilemsi mining property. Phase II aspects of the PEA include the 2011 drilling program, in addition to the construction of phosphate beneficiation and granulation plants and their associated infrastructure and utilities. The Phase I production is a unique circumstance where a pilot plant generates internal profits. Additional attributes of Phase I include: market building step, the initial small scale production in the region allows the company to establish the product and build familiarity with potential large off-takers; reduces the capital expenditure required to achieve profitable production and allows for secure production and investment while the situation further stabilizes in Northern Mali. The pilot phase of production will allow for steeper production profile at the initiation of Phase II. As a consequence the internal rate of return is increased, the pay back period is reduced as is the projected mine life, from 20 years to 17 years. A significant finding of the updated study is the elimination of a company owned an operated fertilizer distribution business. Such a business would have put the company in competition with the now proposed distributors, in a lower margin, labour intensive business. As a consequence the IRR as been increased, but the net present value has decreased. The initial capital expenditure includes $10.2 million in development costs and further feasibility studies plus $147.7 million in construction costs. The economic highlights listed above were calculated assuming a 60/40% debt equity split. Project economics without financial gearing indicate the net present value after tax increases to $466.5 million and the internal rate of return after tax falls to 40.8%. Debt and equity financing costs, including political risk insurance premiums, are estimated at $29 million. This initial pilot plant project will be the only local source of high quality fertilizer in Mali. The proximity to the Western African market is a major cost advantage of the project's location. All the fertilizers currently available in the region are imported through the ports of Dakar in Senegal or Abidjan in Cote d'Ivoire, respectively located at 1,500 km and 1,100 km from the agricultural areas the project will serve. As a consequence of the high costs of transport and the poor transportation logistics in the region, together with the border levies and taxes, the resulting prices of fertilizers are considerably higher in the region than are international market prices.

Great Quest Announces Positive Engineering Study for Pilot Facility

Great Quest Fertilizer Ltd. announced the result from the Engineering study of the company's planned pilot scale phosphate manufacturing facility. The proposed plant would be located in Dogofry, the Ségou agricultural region of Mali, 340 km north-east of the capital city Bamako, and 1,024 km south-west of the mining properties. These results are strictly for the pilot plant project - This is a unique circumstance where this type of facility generates profits - An update of the full project PEA will be filled within 45 days. The company has received preliminary reports on the mine plan and engineering work that were commissioned with respect to the small scale pilot plant. This plant will have a processing capacity of 40,000 tons of phosphate material per annum. The Engineering Consultants (DRA Minerals Ltd. of South Africa) have optimized the design of a plant to produce 25,200 tonnes of high grade (35%) phosphate granules and 10,400 tonnes of medium grade (27%) phosphate granules, which, after blending with urea and potash, will yield approximately 96,900 tonnes of NPK products. The total capital investment is estimated to be approximately USD 24.5 M (Great Quest 67%, SADA 33%). The mine engineers (Coffey Mining South Africa) have delineated three blocks on the Tilemsi Phosphate properties, which contain an inferred resource of 501,000 tons of 27% P2O5 mineable at an average strip ratio of 1.9:1, over an estimated project life of 12 years. The economics of the project have been calculated by the company on the basis of the off-take agreement signed between the company and Société Africaine de Développement Agricole S.A. This initial pilot plant project will be the only local source of high quality fertilizer in Mali. The proximity to the Western African market is a major advantage of the project's location. All the fertilizers currently available in the region are imported through the ports of Dakar in Senegal or Abidjan in Cote d'Ivoire, respectively located at 1,500 km and 1,100 km from the agricultural areas the project will serve. As a consequence of the high costs of transport and the poor transportation logistics in the region, together with the border levies and taxes, the resulting prices of fertilizers are considerably higher in the region than are international market prices.

GQ Appoints Mike Hofman as Executive Digital Director Effective December 15, 2014

Mike Hofman will join GQ as Executive Digital Director, it was announced by editor-in-chief Jim Nelson. Hofman will oversee GQ's web and mobile presence, as well as social strategy. Hofman comes to GQ after three years at Glamour.com, where he played an instrumental role in the launch of Lipstick.com and more than doubled the magazine's overall digital audience. Prior to Glamour Hofman served as editor of Inc.com from 2008-2011. His appointment is effective December 15, 2014.

 

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