QMN queensland mining corporation limited

value placed on similar cu/au prospect

  1. 279 Posts.
    I have been finding it hard to get an idea of vlaues for the leases/resources that QMN has.
    The investor presentation was interesting in the comparision of other copper prpoects/mines.

    Here is a Business Spectator article on OZ minerals new Cu/Au purchase of Carrapateena in Sth Aust. http://www.businessspectator.com.au/bs.nsf/Article/OZ-Minerals-Terry-Burgess-Carratateena-pd20110309-ES3C8?OpenDocument&src=kgb

    "paying $US250 million, and potentially $US325 million, to buy the Carrapateena copper-gold project in South Australia"

    It also likely has uranimium and rare earths - so its not just copper. They are saying the resources is about 225 million and 250 million tonnes ore, about 1.2 and 1.3 per cent copper, 0.5 g/t Au , 124-138Mlbs uranium oxide.

    Carrapateena was unlisted apparently.

    Any thoughts on a comparison??

    QMN Market cap: A$48.3M Undiluted for options
    A$68.7M Diluted for options
 
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Currently unlisted public company.

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