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22,120 Posts.
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16/03/13
14:58
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re: Ann: High Grade Cu Au Intersection at Gre...
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EXS sold their Cloncurry Copper Project for $175m to Xstrata
They then themselves were taken over for $95m
So that was a total value of something like $270M for the company
Even removing the $40m cash they had in the bank that still valued them at a total of $230m
Gives you an idea of what these Qld Copper companies are worth as its all about location location location
QMNs White Range and specifically Greenmount is really shaping up to be another Cloncurry Copper Project replica
$175m = 22c QMN
Food for thought
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