QMN have reached record lows today. I'd be surprised if they weren't on EXS's or IVA's radar as a potential takeover target with lots of assets spread throughout Cloncurry. QMN also have a very loose register.
If EXS were able to sure up and piece together QMN's assets I feel they can make a very nice profit, even if they sell them on in another deal with Xstrata after completing the ground work.
QMN's White Range project has the potential to be very profitable. But this isn't the place to rave about their assets.
-Beany
EXS Price at posting:
59.5¢ Sentiment: None Disclosure: Not Held