At this stage of the Tech project, the SP is sort of irrelevant.
The critical trenches are the financing and DFS. Before this information, people are investing on the FA side with their subjective analysis of the project.
If the DFS / NPV is north of 1.5 billion and there is financing secured, any price pre-MC of 300 million is very cheap. It is why charting is sort of pointless with a pre-revenue in the medium term.
The nickel price is also irrelevant until there is an understanding of how QPM will price in a Nickel price in their DFS.
In terms of investing in QPM, I took the PFS, looked at the management and made a subjective call based on my risk tolerance. I accumulated at 6 cents, 10 cents and 17 cents, only asking my self where do I see this stock in post DFS.
If you follow this chart thread, you will see every time the SP makes a move upwards there will be chartists so focused on the SP that they will make a comment "I will wait for it to fall a few cents" and in turn missing the upward SP trend.
Obviously, DYOR and access your own risk tolerance.
QPM Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
