what do you guys think of this post i found........................My personal opinion as to why the market has failed to get excited about the White Range acquistion is the fact that a number of the tenements have expired and are now awaiting approval of newly lodged applications.
Expired tenements inlclude the mining leases for Stuart, Vulcan and Mt McCabe along with various exploration permits (Source: - ASX announcement 22/07/2010 - 'Prospectus' page 6 & page 8).
Therefore announcements such as that on the 10/08/2010 "Stuart Deposit - 88% JORC Resource Increase" don't mean much until such time as the tenement renewal applications are approved.
In my opinion, if we see announcements regarding the apporval of these applications then the market will stand up and take notice, along with a big boost to the share price. Just my thoughts - would love to hear what other people think!
QMN Price at posting:
8.2¢ Sentiment: None Disclosure: Held
