A port? Rail? For a resource amounting to a wheelbarrow of gold.
Croesus went under because of very foolish low price and over-committed hedging. Production is not looking too flash at Norseman now though - we'll see how the sweep of the broom by (coincidentally) Tulla goes.
IMO, for the sake of focus and rejuvenated sentiment, all QMN's gold should be spun off into a new listing. The itty bitty low capex start-up that Timski highlights might have merit (as do SS's counterpoints) to fund a program to try and define a global 500,000 oz on their prospective tenements.
IMO, White Range should be fast-tracked as a stand alone project. One would think the project is good enough to attract a Chinese partner to develop it. There are plenty of examples where the Chinese have waded into less desirable shows.
IMO, a new gold focussed exploration company + off-market funding to develop WR + a backseat role for Howard = shareholder reward.
QMN Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
