QOL queensland ores limited

"Bamford Hill"Fly, you've got to understand that the agressive...

  1. 683 Posts.
    "Bamford Hill"

    Fly, you've got to understand that the agressive drilling campaign has to come after they are generating cash flow from Wolfram. No point in diluted the shares further for the sake of drilling 6 months earlier. Its the strategic decesssion the company has made aware to the market from day one.

    Drill wolfram until an "econimcal resource" can be defined. Build the plant. Sell the concentrates - then expand the resource which will be finanaced from the Mo & WO3 concentrates, then increase the rate of the plant to 250k. This is the path that the company is going down.

    I see no sense in being agressive with drilling campaings at this stage of the company's plan
 
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