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NQ Minerals chair upbeat after ISDX listing

Brian Stockbridge, chairman of newly-listed NQ Minerals (ISDX:NQMI), says he is excited about the quality of the Australia- focused group's assets and reckons the company can start generating cash flow in just over a year.

"I can't think of any exploration companies that have gone from exploration to generating cash in a year or so," he said.

Shares started at 8p on the ICAP Securities & Derivatives Exchange (ISDX) growth market today and rose to 9p in relatively short order.

The firm is focused on two exploration projects - the Ukalunda and Square Post in North Queensland, Australia - tenements which used to be owned by Sons of Gwalia, explains Stockbridge, which was Australia's biggest gold producer.

Quick facts: NQ Minerals PLC

Price: 5 GBX

Market: NEX
Market Cap: -

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