The greatest cure for high prices is high prices.
QPM won't be producing for years.
This isn't necessarily good news for QPM.
The high prices will encourage competition: other nickel producers.
Sanctions on Russia aren't at all likely to last until QPM is in production. By the time QPM is in production, there will probably be at least some additional production elsewhere thanks to these high prices, *plus* Russia's products will be back on the market.
The best positive impact for QPM is the free hype/advertising for the nickel sector, but fundamentally this is actually bad news. A boost in price now thanks to sentiment would be nice for QPM, but it seems the market isn't being fooled (I actually thought it might have today, but nope!).
Medium Term Target: A$1+ billion market cap, page-1680
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $93.28M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $45.50K | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 784601 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 280000 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| QPM (ASX) Chart |