QMN 0.00% 16.8¢ queensland mining corporation limited

I'm surprised no-one else has commented on the Molybednium...

  1. 14,914 Posts.
    I'm surprised no-one else has commented on the Molybednium too.

    This could bring costs of any future production down significantly as Molybednum is worth about 4 times as much as copper at over $30 000 per tonne.

    So that 5m hit of Moly of 5m at 0.64% gives a copper equivelent of 5m at 2.56% copper and that's on top of the already high grade copper.

    This really could shape up to be something big if they keep hitting higher grade copper and gold as they go deeper AND more molybednum.

    If they hit high grade Molybednum as they go deeper, the share price won't be at this level for long.

    Pretty exciting drilling for the market cap.

    The resource is hardly even priced in at all IMO.
 
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