QOL queensland ores limited

near term upside

  1. 1,387 Posts.
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    There could be some near term upside here.

    I presume during commissioning of the mill they will get an indication of the tungsten and molybdenum concentrations in the ore.

    I'm guessing that there may be a higher mineral concentration than they expect because:

    1. Wolfram Camp was Australia's richest tungsten and molybdenum mine (and may still be).
    2. During mill construction they were unexpectedly digging up ore everywhere.
    3. They've probably been conservative in their mineral concentration estimates.

    A higher mineral concentration means more money.
 
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