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11/10/12
12:32
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Was looking through a presentation just released from QMN when I came across this snippet of information:-
CDU (Cudeco) has defined a contained resource of 293kt Cu + 191koz Au at Rocklands and has a MCap of $880m (Undiluted) at time of writing.
QMN has defined 269kt tonnes of contained Copper + 308k oz Au and has a MCap of only $31m MCap.
Understand that Cudeco is only a little bit further down the development path both in the same region but Cudeco has 28 x QMN market cap of QMN ???
Seems QMN is massively undervalued here.
(REf: Page 49 of QMN presentation at following link http://queenslandminingcorporation.com.au/presentations_8_245532355.pdf
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