Beany the next question on every ones mind must be how do QMN...

Beany the next question on every ones mind must be how do QMN intend to pay these guys and run the exhaustive drill campaign touted for the coming season?

I posted some weeks back that when i rang QMN and asked if a cap raising would be implemented i was told and posted at that time that a cap raising won't be on the cards and the words used were,there's more than one way to skin a cat.I can't wait to see how this cat will be skinned.They seem to have got everything in place now to show they are to be taken seriously and now the next step is funding.


Announced in the Quarter Ended 31 March 2011

Cash on Hand: $2.101million.

The Company believes its strategy of pursuing joint venture partners and farm outs to fund planned drilling and ongoing exploration will assist to conserve cash and minimize future equity dilution to shareholders.

Joint Venture arrangements may yield and/or provide capital to the company.