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16.8¢ queensland mining corporation limited

What a lightning change in sentiment!

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thevagrants

4,467 Posts.

40

04/10/17

09:22

Post #: 27641487
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Originally posted by bestie ↑

Very exciting results from the Tank Hill zone. With a strike length similar to the Young Australian deposit there is the potential to add a couple of million more tons to the total resources.
So the question I have for the more savvy posters is, if you have a total resource of say 8M tons at say 1%, have you got anything remotely commercial?
Almost $400M of copper in the ground. Worth anything even if only a fraction can be successfully mined?

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Originally posted by bestie ↑

Seems as if I have been reading the same reports from QMN for the last few years. Little detail about how or when we can expect to see them actually make some actual money out of their copper deposits. However, behind this apparent lack of progress something has caused the share price to increase by 200% on low volumes? The rising copper price and blind optimism probably explains this sadly.
Imagine the effect of some news about actual progress towards production, , JV, toll processing, sale or whatever.

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What a lightning change in sentiment!

QMN Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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