The consensus seems to be $7-10m profit at full capacity which they are yet to reach. QMG are an opportunistic play taking advantage of a sad story for western Magnesium players of whom almost all have gone bust.
What I like about them is the no debt structure...keep the banks out of it.
The exec chairman has just forked out $2m+ at 35c and from their production base in China are in the world lowest cost bracket with first mover advantage.
The main risk is mag metal supply disruptions.
QMG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
