They are well advanced.
Large jorc already established. Inferred resource of 1,700Mt @ 0.34% vanadium. They also have a large shale resource.
KRC have a large inferred resource of 3.335 Mt at 0.29% V2O5 and got to a market cap well in excess of 150 million and still sit with a market cap well over 100 million so it makes QEM appear cheap. They are listing with a 15 million enterprise value if they do list at 20 cents.
The question will be what’s the cost to extract the vanadium + oil together. Speculative investment and definitely could have a lot of interest when it lists.
IPO - QEM Limited, page-8
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Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $21.95M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $10.46K | 75.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11122 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 99672 | 3 |
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| Last trade - 12.46pm 09/08/2024 (20 minute delay) ? |
| QEM (ASX) Chart |