QMN 0.00% 16.8¢ queensland mining corporation limited

how far are they from cudeco?, page-16

  1. 9,034 Posts.
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    hi bazzM

    unfortunately for me I was to late for this yesterday. but quick read thru the threads, I don't think any has pointed out the obvious..

    - the intercept, it's great sure, but it's from inside a very well defined deposit
    - it's infill drilling
    - and not really a discovery as such,
    - so, best case, the high grade section contributes to slightly higher jorc/head grades in the mining scenario (under fease now, but which has engineering studies from 2005)
    - so it probably won't continue to trade like a 'discovery' because it's not a discovery

    just imo, but can't see lots of upside

    hope I get proved wrong

    good luck


 
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