Have a look at IVA's feasability study for their Merlin project.
I don't see why Moly is any different from processing anything else. If you think it is, please by all means explain why.
Also I'm in this stock not for the production, but the exploration and the value of the current resource.
Why? Because we are hitting outstanding drill results at Greenmount IN A NEW AREA which is below the current pit floor.
On top of that, we are fenceline neighbours to CDU who IMO are going to be the biggest thing Australia has seen in copper ever. Take a look at some of that native copper they are pulling up. It's almost solid copper chunks.
On top of that, we are approx. 75km away from Ivanhoe's Merlin Project that has the highest grade molybednum deposit IN THE WORLD.
Add in CDU's southwest anomoly of Uranium which borders QMN's tenement.
All of the above for a market cap of $35m and I cannot think of a better exploration play with minimal risk.
QMN Price at posting:
5.0¢ Sentiment: LT Buy Disclosure: Held
