QMM - Quaterra Resources Inc.

Quaterra Resources Inc., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in North America. It focuses on exploring for copper, uranium, molybdenum, and precious metals in the United States and Mexico. The company's principal properties in the United States include Arizona Uranium property located in the northern Arizona Strip uranium district in Coconino and Mohave Counties; the MacArthur property located near the Lyon County, Nevada; the Yerington Porphyry Copper Mine in Neveda; Duke Island property in the Ketchikan quadrangle in Township 80 South, Range 93 East, Alaska; and the Big Bar Volcanogenic massive sulfide prospect that is located to the northeast of Nome, Alaska. Its principal properties in Mexico comprise the Nieves property, which is located in Zacatecas State, Mexico; the Mirasol and Americas projects located in the Municipality of Simon Bolivar, Durango, Mexico; and Los Crestones exploration concessions in northern Durango state of west-central Mexico. The company was formerly known as Aquaterre Mineral Development Ltd. and changed its name to Quaterra Resources Inc. in October 1997. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.




Recent News:

Quaterra Signs Earn-In Agreement With Freeport-McMoRan Exploration Corporation for Peg Leg Copper Project in Arizona
Global copper producer has option to acquire 70% by spending US$3 million over three years

Silver miner so watch silver/gold.

I like the base QMM has been forming from between $0.50 and $0.75. These are long term support levels.

Short term the stock is looking bullish as well.

It trades on both the TSX Venture Exchange and also on the AMEX.

Although it does trade below $1.00, it still trades on the big board not on the OTCBB or OTC.

QTA is the Canadian symbol.

Yahoo! Finance has it listed: http://finance.yahoo.com/q?s=qmm

I'm very bullish long term on silver/gold and anything that would do well in an inflationary environment.

I picked up some shares Thursday of this small cap miner. QMM is still trading at -80% of it's peak and I think this little company is well positioned. The chart looks like it has formed a solid base and accumulation appears to be in progress.

Check out these other silver miners. Notice how they all bottomed at around the same time. QMM hasn't seen the stock price rise nearly as quickly as the others and I think this presents a great opportunity.

Always do your own DD.

Watch for the long term breakout past $0.80

Boom!

Breakout, should move higher from here. Watch for pullbacks and buying opportunities.

Nice move today.

Reduced my position yesterday on strength.

Waiting for a pullback/consolidation. These junior gold miners will fly if gold continues its upward course.

True.

Gold and silver trend in the same direction. So a bull market in gold is bullish for silver thus bullish for QMM.

Closed nicely today. If silver makes a push to $20 I expect QMM to approach $2.






Note QMM has a ways to go before catching up in terms of performance to other miners in the same sector.

Anyone else enjoying this ride ...

It is true that now 6M more shares will eventually be unloaded into the market by the holders of the Note, however, they won't want to dump them immediately lest the stock price tank so they'll probably unload them slowly.

I'm not sure if the recent price surge was manipulated in order to trigger the Note conversion. Perhaps.

Regardless I think this is a good move for QMM since now they have NO debt, $4M of cash on hand to continue exploration projects.