Nihilism,
Not sure i agree with your valuation of QBL being 3rd highest MM stock on ASX.
QBL was trading at around .008c per share before 55% acquisition of MCL.
So the market was valuing it's Bauxite mine and cash position at that time at around $11 Million.
Current MC = $28 Million , so market values it's 55% ownership of MCL at $17 Million , which by my calculations would give MCL a market valuation of only around $33 Million.
By comparison below are most of the other ASX listed MM stocks with far higher Market valuations.
AC8 = $180 Million.
MDC = $156 Million.
MMJ = $129 Million.
ZLD = $90 Million.
MXC = $79 Million.
SCU = $55 Million
CPH = $46 Million.
Further MCL won't only be targeting the Australian market with their Medical Cannibas and Hemp nutritional products.
"A revenue stream is anticipated from future royalties on licensed hemp varieties as well as from being a premier supply hub for bulk and packaged seed for the local and international marketplace."
How Cheap is QBL ?, page-32
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