Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-55

For GM this investment is insignificant.

These type of projects are always dependent on the Government.

The reason why Nickel comes from Russia / Indonesia etc is because the Russian and Chinese have backed those projects with tax breaks, incentives etc.

The Government, unfortunately, are the king makers.

The question for QPM, in the short term, is how much support is there in Townsville for QPME to help them scale?

And does this allow time for the Nickel "macro" to move into a bullish mode at which time the Australian Government will "crown" the Tech project?

As investors, QPM should be a great learning example about Risk, falling in love with a narrative and understanding your reactions if the SP crashes.

Take the opportunity to learn and move on.