Ambitious plan to reactivate mothballed Qld mine
SPRINGING TO LIFE A long-dormant gold and copper mine outside Rockhampton looks set to spring to life again later this year thanks to the efforts of a newly-formed resources explorer. Planning to take advantage of soaring commodity prices, an outfit called QMines will lodge IPO prospectus documents this week to raise between $10m and $20m to start digging the stuff up at Mount Chalmers. Shares will be priced at just 30 cents each. The company is the brainchild of Sydney-based bizoid Andrew Sparke, who also runs boutique investment house Olive Capital. He teamed up last August to form QMi...
Source: gladstoneobserver.com.au