COURTED by BHP Billiton before it floated last year,...

COURTED by BHP Billiton before it floated last year, Quintessential Resources is now fielding advances from two well-known gold producers and Chilean copper producer Antofagasta, all of which are keen to visit the Bismarck project in Papua New Guinea, according to Quintessential managing director Paige McNeil




It looks like BHP wanted a 25% cornerstone investment in QRL pre the float. Three majors are all seriously interested in the MAL deposit as the drilling is now underway. I am hopeful that some drilling success will see QRL either partnered up with a major or simply taken over at higher prices. The company has around 20 major copper gold targets to drill and several new leases just announced. This is a tiny float of some 50m shares trading at 23.5c, so do the maths if we see drilling success/ (management are the largest shareholders)The first MAL hole is down approx 500m now. stay tuned and dyor.




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http://www.pngindustrynews.net/StoryView.asp?StoryID=8681088