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3.4¢ queensland pacific metals limited

Ann: TECH Project Feasibility Study, page-211

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Shaq_01

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28/11/22

15:37

Post #: 65029741
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Originally posted by vin123: ↑

I sold rest of QPM shares at 14.5c this morning. The capex is too high. we were told cost will go up 30% doubling the size, but the cost has increased to 3.1x more in 2 years. I understand inflation and raising cost, but I think it is over $400-500m more than expected. I don't know how will company reduce cost or raise $1b extra from other sources. QPM can reduce the cost half if they have plant in NC or in some developing country like Brazil. Sorry to say Australia is not a place for manufacturing/chemical plant. This CTM scoping study for one of NI project in Brazil and it costs US$350m with IRR is over 54%. IMO, QPM is too expensive and high risk compared to CTM/NIC project.

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your comparing a miner with a refinery ?

what’s the price for supply chain security and Geo political advantage ?

Going by Americas trillion dollar wars over decades

I would say Geo Strategic security and Supply chains absolutely critical

I think many failure to understand the “security, politics” element of what we are doing and why various govts so strongly support us.

QPM Price at posting: 12.3¢ Sentiment: Buy Disclosure: Held
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