Issue with this is whilst QPM has a significant resource, gas in ground is only as good as the market we can feed with it.
e.g. need to have a gas market to sell it to (mini LNG liquification asset such as that proposed by Buru Energy in North West Western Australia; or another peaking plant which QPM is currently looking into). The Peaking Plant needs to find a capital provider willing to fund the development of the electricity generation. But I suppose you firstly need an independently certified gas resource to ensure there is sufficient input (gas) to provide confidence in this resource to go through a feasability study and make an investment decision.
QPM Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)