QMN 0.00% 16.8¢ queensland mining corporation limited

For all the shareholders in QMN this article will be of interest...

  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.
 
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