It all depends on the end game.
If QPM doubles output the plant will cost aprox 1.2bil to build and they'll have aprox 10,000 tpa of Ni and 1,000tpa of Co production to spare.
Where as SRLs plant will cost 1.8bil and have more than double the unalocated production.
In terms of funding, a partner could invest 1.2bil into QPM or spend and extra 50% for 100% more production from SRL.
I personally think that QPM will struggle to find a partner with deep pockets now they have sogned away 50-100% of their capacity, but maybe they will. both the non binding and now the binding agreement have been great for publicity and the share price.
The reasons SRL seems to have stalled and haven't signed more offtakes is because they want a hell of a lot more that 15 million for 50-100% of their output.
It all depends on the end game.If QPM doubles output the plant...
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Last
61.5¢ |
Change
0.025(4.24%) |
Mkt cap ! $55.49M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 61.5¢ | 53.5¢ | $38.70K | 68.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.5¢ | 20000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
61.0¢ |
Change
0.025 ( 4.58 %) |
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| Open | High | Low | Volume | ||
| 56.5¢ | 61.5¢ | 53.5¢ | 14969 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SRL (ASX) Chart |