Thats are fair assesment, especially for short term SP movements.
The market is awaiting the FID, at which point the medium term we will know which direction QPM will head.
I agree with SGs narrative, that we are heading toward sourcing credentials which pivots away from Indo Nickel for some of the supply.
Macro wise, the figure being quoted is 65% increase in nickel to meet the demand, so if QPM moves into production the pie is big enough to incorporate multiple sourcing lanes.
For me waiting another 5 months is not a big hassle. I have seen QPM grow from sub 5cents to 27 cent highs and crash again. In hindsight, the story ran ahead of the value, but now at a MC of 170 million, we are so much further aheas than when we were nearing 500 million MC in 2021. Another lesson I am learning in investing is the art of patience.
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $90.76M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.5¢ | $15.41K | 435.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 452025 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 211470 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 451385 | 0.035 |
2 | 485443 | 0.034 |
2 | 403030 | 0.033 |
6 | 337657 | 0.032 |
6 | 674954 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 211470 | 4 |
0.037 | 779467 | 5 |
0.038 | 1100000 | 8 |
0.039 | 1409404 | 4 |
0.040 | 346000 | 6 |
Last trade - 10.50am 03/10/2024 (20 minute delay) ? |
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