From dream to discovery - or from resources to reserves

CIM Bulletin, Vol. 71, No. 789, 1978

Come Carbonneau, Professor of Geology, Laval University, Quebec, Que., Formerly President of SOQUEM, Ste-Foy, Que.

The ten-year case history of La Societe Quebecoise d'Exploration Miniere (SOQUEM) is reviewed under the headings of the company's raison d'etre, objectives, policies, structure and final goal. A brief analysis of its past operations is presented: aborted efforts, findings and developments. A projection is made of the future earnings, in terms of estimated present value, of its three main discoveries — Louvem, Niobec and Selim.
Keywords: Exploration geology, SOQUEM, Louvem, Niobec, Selim, Joint ventures, Productivity.