Well it could make sense in a way the already low share price will be smashed if they get an MDL rejection finding a secondary project to invest in depending on the prospect could change that. I don't think the Inverell ground fits the bill they relying on billions of dollars of investment for a railway line and years of development expense.
Couldn't find the post surrounding ZEU and not sure what bearing it has on QBL if they had a negotiation underway for a JV though they should've went into a TH given seems to not be confidential information anymore.
QBL Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held