It's all well and good to think drilling Morris Creek to be a great idea, but it's very risky. Many are holding QMN for Morris Creek, and if it turns up empty, god help us. From a Risk Management perspective, I'd hold off until I address cash flow.
You say it yourself, the company maker is White Range and this is Priority 1 for confirmation drilling. It's clearly evident the market has had enough of drill results with the Duck Creek results going backwards. They want cash flow, and QMN in my view are drilling to accomplish this with White Range and conducting a DFS update. I'm curious as to if the updated DFS will be required in the JV discussion/s relating to White Ranges if there is any.
Also, FYI it is possible to chase and catch a kangaroo with a BMX bike.
Trading hours over the break are:
Normal until Friday 23rd early close at 14:10(Syd)
Resumes 28th until 30th with early close (14:10)(Syd)
Resumes Tuesday 3rd in the New Year.
2011 Calendar
2012 Calendar
- Forums
- ASX - By Stock
- QMN
- new global low
new global low, page-87
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)