QMC has a three stage strategy to redo the Feasibility Study by early 2014. 1. Jan-Jun 2013 – Complete resource development and expansion drilling and conduct initial metallurgical test work to assess alternative processing routes. 2. Jul-Dec 2013 - Complete detailed systematic metallurgical test work and mining studies to identify the optimal mining and processing routes. 3. Sept 2013- Mar 2014 – Complete Feasibility Study including engineering studies and economic evaluation.
QMN Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held