QMN 0.00% 16.8¢ queensland mining corporation limited

breakout - sam must be positive, page-26

  1. 161 Posts.
    Food For Thought

    GBZ is trading at a 50% discount to QMN which makes GBZ a cheap buy, when you consider that: QMN’s Morris creek tenement near Cudeo is only one half sub block of area which is 3 sq km. GBZ ‘s Brightlands project which abuts their tenement and also Xstrata’s, has a area of 250sq km in size. Got to give GBZ a good chance of discovery. GBZ soil anomalies are better at the Tiger prospect which is part of the Rocklands fault system and has widespread copper mineralisation over a strike length of 1.5 kms. QMN’s target is 1 km. If QMN’s drilling is successful it also means that GBZ may have it as well since the ground abuts each other. GBZ has said they have identified a second zone southwest of Tiger which may be the same zone QMN’s is drilling when you look at the tenement map. It’s going to get very Interesting soon as GBZ is doing SAM and IP and will be drilling in early November. By the way QMN has 80-90million more shares on issue than GBZ. I reckon GBZ is cheap at the moment.
 
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