I'll be happy if all 3 combined put us above 5 cents by end of October instead of slumming it at 1.3!
They have hinted already they already are progressing a Mining Lease for 170kt over Camp Creek.
I would imagine that will happen fairly soon after they actually successfully find a buyer and ship the 50kt.
Their stated first year target was to get up to 800kt shipped which is around $40m revenue, $10 - 20m profit multiply by 10 that would be a good forecast of value of South Johnstone to QBL. 7 - 15 cents.
They would need to be drilling and applying for increases in the mining lease pretty much straightaway so that could add a bit of a buzz to the sp.
As for the hemp who knows what the value of that is, what sort of sales can AK generate for seeds to farmers, can he adequately project to the share market where the value is coming from or what products he can get out to consumers. for my mind any share pricing from this is going to be based on the excitement factor of a new industry with few players on the asx.
Same for MM the green rush in the USA is worth billions but isn't quantified into any value in Australia yet. As soon as MCL get MM license approved though it's being spun out into a standalone IPO in that event it could soar
QBL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
