I think most of the impatient and short term holders have been flushed out of this stock now. If good news starts to flow there is a good chance the share price will move higher quickly.
What interests me is the near term direction of the tungsten and molybdenum prices.
China is the dominant tungsten and molybdenum supplier. They are currently being bullied into higher iron ore prices. I wouldn't be surprised if they seek higher prices for tungsten and molybdenum in turn.
Also with the oil industry making mega profits you'd expect even move expenditure of pipelines. As the Australian keeps speculating if only half the proposed pipelines are built next year there is going to be a shortfall in the molybdenum supply.
Any price increase in tungsten and/or molybdenum is good news with QOL so close to production.
QOL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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