QMN 0.00% 16.8¢ queensland mining corporation limited

White Range probaly isnt even viable at the current copper price...

  1. 46,597 Posts.
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    White Range probaly isnt even viable at the current copper price - Exco had a better project in CCP and they sold it to the Xmen - Xstrata walked awy from their 51% option on Roseby and it has 1.5m ton of in ground copper which is the same as Cudeco JORC resource.

    Matrix went broke and it always intrigued me why Xstrata let QMN buy it from the receive for $5m - they could have whipped taht out of the petty cash drawer.

    All I can see is more dilution ahead for QMN followed by the inevitable 1 for 10 share consolidation - All that has been mined here is shareholders pockets and no reason to see taht not continuing
 
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