"shite no wonder shareholders are not happy... This should be up and running.. any idea of the CAPEX to build the plant."
Exco Capex for CCP was north of $300m that's why they sold the project to the Xmen for $175m.
Now why would the Xmen pay $175m for the CCP project from EXS yet were not interested in spending $5m ( beer money ) to buy a similar size resource from the Matrix receivers ?
O.K lets say it was the bottom of the GFC and the copper price made the project not viable ? QMN current market cap is $23m lets say Xstrata had a hostile bid at $50m for the lot - that's only about 25% of what they paid for the CCP project.
Why no interest ? maybe it wasn't worth much more than $5m they paid and its simply been packaged " to mine shareholders "
Chart tells the tale IMO nothing much changed sine I did this one two weeks ago !
Cheers Hoot
patience please, page-31
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