Quaterra Resources Jumps 5% on Potential of Nieves Silver Property

Comment

Shutterstock photo

Quaterra Resources Inc. ( QMM ) is up 5.4% at $0.35, but still trading near the low end of the 52-week range, after it today co-announced with its 50% joint-venture partner Blackberry Ventures I, LLC, that an independent preliminary economic assessment has concluded that their Nieves silver property in Zacatecas State, Mexico, has the potential to be developed as an open pit mine that would average more than 5 million ounces of silver production per year over a projected 10-year mine life.

QMM trades in a 52-week range of $0.32 - $1.17. Shares have fallen 70% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com