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.
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: 7.3 GBX
Market Cap: -
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