ASX:NQM) CEO John McKinstry Speaks at Sydney RIU Resources Round-up in May 2010.North Queensland's strategy is to focus on growing gold production
- Pajingo, at a production rate of 3000 ozs (NQM share) per month and cash cost of $650/oz realising $1150/oz, generates $1.5M net cash flow per month
- There are many under explored targets at Pajingo and many projects for consideration and evaluation around Charters Towers
- Pajingo exploration now underway will provide additions to the resource base and delineate new targets for drilling.
- Dotswood evaluation, will determine whether to exercise the option to purchase by September 2009
- The aggregation, exploration and development of copper, tin and gold tenements around Herberton continues but at slower pace.
- A solid foundation for growth is in place
View the Video at this Link:
http://www.abnnewswire/press/en/62930/nqm
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