Daytraders Aftermarket Lounge 16th April, page-20

Looking QBL further and am starting to think they genuinely stand a chance of making a serious go of that Bauxite deposit
I had previously without looking thought of them as just another mining spec

I didnt realise a few things like
1. Tiny EV= $5m:  Mkt Cap $11.5m Cash $6.5m

2. The Cap ex is really low: only $5m to get going so company is funded to first production already

3. Very High Return EBIT = $12.3m PER ANNUM thats more than thw companies current Mkt Cap NPV $75m = 10.5c a share!
Based on the updated Scoping Study and an average bauxite production Operating Scenario Stage 1 of 800,000 tonnes per annum would yield annual gross revenue of A$42.4 million and operating annual positive cash flow before tax (From Year 1 Stage 1 Project only) : of A$12.3 million

4. Easy Transport as its situated only 16kms from deep water port

5. Port Access HOA signed for minimum 800k tpa Port Export capacity

6. Offtake NOT YET but could be coming very soon imo based on todays announcement and this is the final piece of the puzzle that will fall into place for a serious rerating here
"The Company has recently hosted another trip from a major Asian commodity group to discuss a potential off take agreement"