QOL queensland ores limited

update

  1. 683 Posts.
    Sent the company an email a few days ago with a few questions. Got this reply which I have summarised...

    All things are on track for the mining lease to be granted in October - there should be no issue with the signing. It is also still on track to process the first feed of ore by the end of the year.

    Construction of the plant is being built in a modular manner. This means the majority of the plant is well advanced in asssembly and will be transported to the site semi-assembled. This will greatly reduce construction time.

    All items have been sourced for the plant including a refurbished 2nd hand ball mill and crusher (think was posted earlier in a thread but just confirmation that 'all' parts have been sourced)

    No word on when the 11 R/C holes will be announced - this in the hand of 3rd party labs.

    Also some interesting reading from the End of Financial Year Report.

    "Both tungsten & molybdenum remained high in demand during the year... Interest from a number of diverse offtakes has remained at a high level and no problems are expected in marketing the concentrates from the mine when it commences production"

    In particular this quote...

    "The clock that has timed the rich history that surrounds the Wolfram Camp Mine is about to be restarted as the mine becomes Australia's present day commerical producer of the noble metals - tungsten and molybdenum"

    Looks very promosing, I hold with great excitement. When you look at all the rubbish specs out there that have a market cap greater than QOL that really don't have a chance of mining within 5 years let alone mining at all it just amazes you. Sooner or later I tell myself that the market will open their eyes up. Until then happy to top up in the low 30s.

    Cheers to holders!

 
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