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
I have been finding it hard to get an idea of vlaues for the...
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