QMines Limited (ASX:QML) reposted this
Queensland-based copper-gold explorer QMines Limited (ASX:QML) is projected by East Coast Research to deliver a 138% upside from its current share price of A$0.066, reaching what the analysts consider a fair valuation of A$0.157 per share. In its recent report, East Coast reasons that the company's flagship asset, the Mt Chalmers project near Rockhampton, boasts a JORC-compliant mineral resource estimate (MRE) of 15.1 million tonnes at 1.3% copper equivalent (CuEq). A recently completed pre-feasibility study (PFS) reveals robust metrics, including a pretax net present value (NPV) of A$373 million, a 54% internal rate of return (IRR) and a payback period of 1.84 years. “As per its recently concluded PFS, the Mt Chalmers project is positioned at the top of its comparable ASX-listed copper explorer peer group across a number of investment return indicators,” the report said. More at #Proactive #ProactiveInvestors #ASX #QML #Copper #Mining #BaseMetals #Investment http://ow.ly/qmO7105HQeH
