QMN 0.00% 16.8¢ queensland mining corporation limited

oz minerals looking for m&a options

  1. 199 Posts.
    For all the shareholders in QMN this article will be of interest to you:

    http://news.smh.com.au/breaking-news-business/oz-minerals-rejects-m-and-a-slur-20120118-1q65b.html

    Most signficant piece in the article being a comment from OZ minerals CEO Terry Burgess made:

    Mr Burgess said he was interested in assets that would produce 50,000 to 150,000 tonnes of copper a year and could be brought into production by 2015-16.

    I would hazard a guess that Young Australia falls into this range with the JORC indicating 231,000 tonnes - a mine with a life of 4 years or there abouts.

    This looks like a great opportunity for QMN to generate value for its shareholders - lets hope that we see some efforts to get this play going.
 
watchlist Created with Sketch. Add QMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.