how far are they from cudeco?, page-27

Was looking through a presentation just released from QMN when I came across this snippet of information:-


CDU (Cudeco) has defined a contained resource of 293kt Cu + 191koz Au at Rocklands and has a MCap of $880m (Undiluted) at time of writing.

QMN has defined 269kt tonnes of contained Copper + 308k oz Au and has a MCap of only $31m MCap.

Understand that Cudeco is only a little bit further down the development path both in the same region but Cudeco has 28 x QMN market cap of QMN ???

Seems QMN is massively undervalued here.



(REf: Page 49 of QMN presentation at following link http://queenslandminingcorporation.com.au/presentations_8_245532355.pdf