what will likely happen

Fellow holders, I thought it timely to mention a few likely possibilities with QMN.

Firstly, we need to remember that the CK Locke and Partners research report is an "Initial coverage report" ... this to me sugggests that a follow up on the report can be expected.

Secondly, when the White Range resource is updated, it is likely that we will not only see an increase in JORC but also an increase in grade. Hopefully QMN will be placed in a trading halt for the market to be given a few days to digest this information before it resumes trading. If this eventuates a doubling in price would not be unrealistic.

Thirdly, there is a chance the broker report will be updated to reflect the divergence between the price of copper and exchange rate ... the copper price has broken away significantly from the exchange rate and if you read the sensitivity analysis in the report this impacts significantly on the valuation.

Fourthly, if the valuation is upgraded to include other QMN projects that have not been included in the original valuation such as Mt Norma and others that have been mentioned by Phoenix, Leroy et al then we have all the right ingredients for a substantial increase in the valuation.

Don't be caught out by trading this baby, if it goes in to a trading halt then all the buys and sell orders are re set and who knows where the shares will commence trading post the trading halt.

Good luck holders and merry xmas and no more posting from me to the new year.