QMN 0.00% 16.8¢ queensland mining corporation limited

23.3% cu intersected at flamingo project!!, page-25

  1. 1,570 Posts.
    Leroy23 it is also a well known fact that the two operating copper concentrators (sulphide ore required) in the Cloncurry area are either shut down on care and maintenance (Eloise) or processing low grade (Ernest Henry). At Ernest Henry they will be short of ore for the next three years, as they get the underground up to full capacity.

    Given that Flamingo is situated adjacent to the bitumen highway it makes sense that the ore, if proven to be economic, could be trucked to one of these existing concentrators at low cost (given that its high grade) and also no capital expenditure.

    This would be a win-win situation for all involved, and the property owner would have a nice dam at the end of the mine life.

    So all in all Leroy23 the futures looking pretty bright for QMC and it's holders.Lets not forget also that Gilded Rose,Jessivale and Morris Creek will start drilling shortly as well.
 
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