"QMC is currently in a number of negotiations in relation to the development and production of their Cloncurry south copper projects. The two main project areas are White Range and in the Sellwyn and Sellwyn north areas.
Discussions revolve around joint ventures for mining and ore treatment and third party ore processing. Negotiations have been progressed to an advanced stage and the Company is confident that they may be formalised into Heads of Agreement within the next few months"
JV with words like "production" and "ore treatment" and "ore processing", is what I'm expecting. I guess the terms of such a JV will be the interesting part.
QMN Price at posting:
13.0¢ Sentiment: None Disclosure: Held
