The Dec quarterly started with the sentence “the TECH Project costs were reduced by 62% from the average of the previous two quarters and costs will continue to be further reduced.” DYOR…
The estimated profit from QPMe is a simple $2m+ in Jan. About $2m in Feb. And let’s go lowish and say $1m in Feb. So around $5m for the quarter.
Your guesstimates for burn rate and for profit are about double on both counts. A little disingenuous to create the expectation that QPMe needs to make QPM cash flow positive this quarter. Nobody is thinking that.
GLTH
Ann: QPM Energy Presentation, page-61
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