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MetalQuest Mining Inc V.MQM

Alternate Symbol(s):  MQMIF

MetalQuest Mining Inc. is a Canada-based exploration stage company engaged in the acquisition, exploration, and development of mineral properties. The Company’s Lac Otelnuk Iron Ore project is an iron ore project in North America situated in Labrador Trough, Northern Quebec, Canada. It owns about 306 mining claims located in Nunavik, Quebec. Its Murray Brook Project is a polymetallic, volcanic hosted massive sulfide deposit and is a NI43-101 compliant mineral resource in the Bathurst Mining Camp. The Murray Brook property consists of Mining Lease 252 and contiguous Mineral Claim Block 4925 (245 claims). The Murray Brook property is located approximately 60 kilometers (km) west of Bathurst, New Brunswick, in Restigouche County, within the BMC.


TSXV:MQM - Post by User

Bullboard Posts
Comment by wordsouton Jun 14, 2013 9:20am
141 Views
Post# 21524584

RE: RE: RE: RE: RE: The big boys are not stupid

RE: RE: RE: RE: RE: The big boys are not stupid

What BRoss1960 fails to realize is that most of the route required to transport is high and dry.   Old woods roads cover a good portion of the projected route. Substantial upgrading is required. However, even if  the cost of the required road was to double or triple the numbers suggested by rockcliffe, pre production capital costs  it would be substantially less than the  261 million dollars estimated pre production capital costs.

 Well, I'm sure that 261 million dollars would buy the trucks  needed and cover road construction and maintenance.   There is strong possibility that the provincial government would assist  with construction of the road.  The province of New Brunswick is pro mining and is anxious to promote economic activity in economically depressed area of northern N.B.  Therefore, the development of this project merits serious attention for the reasons mentioned above.

Once the road is built, this open pit resource is ready to be shipped to and existing concentrator. Additionally, there is no requirement for a tailings dam to be built as one already approved exists.  So, no lengthily environment studies, reduced capital costs etc. all positive for the active mining to begin.

 

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