Ann: Annual Report to shareholders-QBL.AX, page-2

No doubt the granting of the MDL and the acquisitions of the ex Gutnick phosphate property will see the share price soar.


“Granting of the MDLA would allow the company to prove the long-term economic and operational feasibility of the entire project.”

“Whilst we have been waiting for the grant of the MDL, we have had the opportunity to look at new projects which have fortunately come our way, and we intend continuing to progress these potential opportunities further with the aim of adding value to the QBL portfolio.”

“The Directors believe that the Company’s shares are undervalued, and with the grant of the MDL and further activity in the company, we are expecting to see a significant increase in shareholder wealth. “