Glad to see your still around gone a bit quiet there for a while.
Well price is subjective based on time if we hang around QBL for next 3 years and they a hemp, bauxite and MM producer 15 cents would be conservative.
For my mind if we get the MDL final approval to start the works program within the next two weeks 13th October etc. (i'm banking on that being a given) and they ship their maiden shipment prior to year end then I believe the market will start factoring that into the SP the challenge is getting their cornerstone customer. Mining Lease might only take six months due to the time they've taken getting MDL over the line. There's minimal infrastructure required to start shipping being only 14km from the port so I don't think the market realises how quickly they could be into mining. We we're at 3 cents not that long ago on entering the hemp, MM market so to have bauxite as well easily can see 5 cents prior to year end.
The hemp not sure on the value proposition there hopefully AK will divulge more of that it's legal to consume from 12th November so be interesting to see what he's doing about either selling seeds to other farmers, or producing his own FMCG hemp products.
There should be an announcement soon about QBL buying up the two farms they are starting with at Camp Creek too.
QBL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
