QPM General Discussion Thread, page-1494

I can't agree. There is huge uncertainty priced in at the moment. Just on speculation of the DFS we hit 28.5c last year, and 24c earlier this year. Arguably it now looks like if the DFS is good it's going to be better than was expected back then. Do you think the market was pricing in something far better than what we can reasonably expect from the DFS just recently?

The DFS is going to paint a big part of the picture of how QPM is going to turn out as a company. Some people are acting like it's a sure thing, but the market is pricing it in as very uncertain. Crunching the numbers on what the company will be worth if the DFS is what we're hoping for, we will indeed have a company worth a good $2B or so (share price over $1), possibly $3B (share price $1.50 or so). I can't possibly imagine us going anywhere near $1 just on the DFS, we still need several things to be sorted out first, plus time for the market to shake out the loose hands and deal with the traders, but if the DFS is in line with what we hope, it's crazy to say we're not going to get a big rerate, unless your idea of a rerate is radically larger than mine.

If funding was a bigger unknown than it is I'd expect there to be more hesitancy, but this seems pretty sorted and assured for us, which is great. Permits are pretty much guaranteed to be issued if the DFS is anything like what we expect. The DFS really is the biggest thing we need for the company rerate.

I expect in less than three weeks many of us will be scratching our heads wondering why we hadn't bought more. Personally I think there is some risk of the DFS falling below expectations, but much more likely it'll fairly dramatically rerate the share price to a 10 year high before the end of 2022.