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NQ Minerals Plc - Capital Network: Company Changing Acquisition

NQ Minerals is a London listed (NEX exchange) minerals exploration and development company. The company holds advanced exploration projects in North Queensland in Australia; but the key focus for investors should be their recent acquisition of the Hellyer Tailings project in Tasmania, Australia, which has the potential to see the company be strongly cash generative in 2018.

Executive summary

While the stress of raising such an amount relative to the ~30m market capitalisation of the company may seem excessive to some observers, we note that the strong cashflow generation and project economics of the Hellyer Project should heavily outweigh any reasonable funding costs.  

That being said, the final mix of funding and how the company progresses its funding needs will likely be keenly observed by the market. 
 

Quick facts: NQ Minerals PLC

Price: 7.5 GBX

NEX:NQMI
Market: NEX
Market Cap: -
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What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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NQ Minerals' David Lenigas updates as it looks to nearly double mining...

NQ Minerals PLC's (NEX:NQMI)(OTCQB:NQMLF) David Lenigas speaks to Proactive London's Andrew Scott after announcing they're to contract a second, high capacity mining dredge to boost its mining operations at the Hellyer project in Tasmania. The second dredge has a capacity to move 100 tonnes...

2 days ago

8 min read