$1/GP on 2P is conservative estimate - ECH purchased 25% of Mereenie (35PJ) for ~$50m last year. QPM is a little different given they're not tied into the gas network, so a discount is viable on this.
Another measure is EV / (2P + 2C) which averages around 0.50x, which would equate to a QPM share price of ~13cps on the recent reserve upgrade.
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $88.38M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.5¢ | $76.48K | 2.152M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2196815 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 1058809 | 7 |
View Market Depth
| Last trade - 11.42am 25/06/2025 (20 minute delay) ? |
| QPM (ASX) Chart |