almost a year later

Almost a year ago we saw this, and almost a year later, where are we?

http://www.finnewsnetwork.com.au/archives/finance_news_network15832.html

Some highlights are below

Howard Renshaw: The advantage of Morris Creek is it?s only 15km?s from Cloncurry. It?s next to Cudeco that?s proposing to put in major copper processing and gold processing operations there. Even so, we?re only 40km?s from Roseberry where further big proposal of operations are planned - or Ernest Henry that already has big processing operations. Or just to the south of this, Ivanhoe has already announced the establishment of processing operations down there for copper production and SXEW operations.

Emma Pearson: With the focus on maximising the potential for early cash flow, QMC has also lined up processing facilities in the area for its Flamingo Project, where the Company has uncovered near- surface sulphides at extremely good grades. These near-surface sulphides are exciting as they mean the Company can move more quickly into production. There is also the potential to significantly increase the size of the resource. For any minor wanting to transition into production, having access to the right equipment is essential. QMC is the only junior miner in the Cloncurry Region to own its own grader, bulldozer, excavator and track mounted drill rig which is not only cost effective, but means the Company can move quickly into production.

Howard Renshaw: The terrain in certain parts of Cloncurry especially south of Cloncurry is quite ?rangy? and rugged and to get up onto the sides of these hills and into these ore bodies, we found that we?re going to need a track mounted drill rig. And for that reason ? that was one of the reasons why we purchased one which has been operating. Two of them have been operating in the area and they?ve been successful and the rig has got men, you know, there to either operate ours or train our people. And I guess the other reason is that it allows us the flexibility of starting and stopping a programme without having to worry about a lot of other different costs if we own it ourselves.