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2.1¢ cann global limited

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gonegassed

13,783 Posts.

30/12/14

14:29

Post #: 14518657
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Originally posted by nihilism ↑

Both are stupid comparisons.

You should be ashamed of yourself lol mostly for flip flopping based on where your coin is. Not where your head is. Also just for poor peer comparisons.

Qbl will find a market value relative to peers.. Id say below current levels, some would say above, thats the market.

The announcement was fairly average for nearly 2 months in suspension. 2mt of 29% av alumina and 3.2% reactive silica is tiny and doesnt even compare with most peer grades. No idea where the 53.01$/t comes from as they dont give any product specs.

Furthermore, their capex of is contract mining while their opex looks to be cheap for a contract operation. Ill wait to see a feasibility before getting your mining hats on, scoping study isnt even enough to get permit applications fully started.

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just as i suspected ...scoping + feasibility study is needed to start any mining .

so ..it will need more cash from a new CR as cash burn and time goes on

QBL Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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