Do we know how much capital its going to cost to set up equipment to mine that Vanadium? - No
Do we know the operating cost per tonne of Vanadium extracted? - No
Do we know whether this is profitiable? Obviously not as we don't know the the Capex and Opex (bare minimum)
If we dont these basic vectors then who is going to finance this other than share holders? - No one
Check out AVL, TNG or ARU.
Miles ahead of QEM in regards to whats mentioned above and yet they are miles off (years) extracting their respective resources (including Vanadium).
I don't mean to sound rude.
I'm just being realistic based off very basic principles in determining whether this company and/or stock is worth it.
These are questions that need answers and I cant find them from a company (QEM) that's been operating for some 7 years?
Come on........
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- Ann: QEM Progressing oil & vanadium Pilot Plant
Do we know how much capital its going to cost to set up...
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