NQM north queensland metals limited

being wallked down as target for takeover???, page-5

  1. 1,719 Posts.
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    NK

    You mentioned to me on the AAM thread that NQM was the real deal.

    I respect your opinion and having read the presentation they released yesterday, the main issue I I have is their high cost of prodution (total cost over $900/oz doesn't leave much margin for a fall in the gold price- which is always possible, even though I think unlikely).Also, they don't have a large resource- only around 550,000oz- and are reliant on acquisitions to grow.

    Would be interested in your views on why NQM is such a compelling buy- compared to say AAM?
 
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