the writing is on the wall.or the qrtly anyway

Below is an indication that QMN are waiting for the JV/Partnerships before drilling will commence in earnest.Which tells me it can't be far away.

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

WHITE RANGE
‐ Greenmount
‐ Kuridala
‐ McCabe
‐ Vulcan
Discussions progressed with nearby operators who have existing or soon to be commissioned processing capacity with a view to possible third party treatment of Company's ore.

After review of geology and historical geochemistry, geophysical and geotechnical data,new drill targets have been identified for the coming field season with a view to substantially expanding copper resource base.

EXPLORATION
Planning progressed for the 2011 field season with drilling focus to be on White Range project area, in particular at Greenmount leases, Young Australian, Black Fort IOCG targets and Morris Creek;30,000 metres of RC and diamond drilling planned for 2011 field season on MLs and EPMs
discussions continued with possible exploration joint venture partners on the Company's extensive EPM acreage