It is reasonable projection to set such a targeted return on QBL. Looking at medicinal canabis for example: it is an area that is gaining commercial traction in a number of countries now on a serious campaign to have it legalized not just in western countries (Spain, UK, USA, OZ, NZ to name a few) but also in Africa (Zimbabwe, South Africa) (just to name a few). There is realization that there is a lot of income to be earned and also the remedial impact. Qld climate is tropical and very conducive for the crop production. Well said on mining capital requirements: however the project outline and charter is very comprehensive with clear deliverables that can easily be accommodated within a market cap of $15M with a good share for shareholders. The QBL management interim reporting on project updates is a fair stakeholder and shareholder update that should be applauded as a sign of integrity. Yes you could have waited for long but based on key project management principles, the projects are financially sound.
QBL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
