They are well advanced.
Large jorc already established. Inferred resource of 1,700Mt @ 0.34% vanadium. They also have a large shale resource.
KRC have a large inferred resource of 3.335 Mt at 0.29% V2O5 and got to a market cap well in excess of 150 million and still sit with a market cap well over 100 million so it makes QEM appear cheap. They are listing with a 15 million enterprise value if they do list at 20 cents.
The question will be what’s the cost to extract the vanadium + oil together. Speculative investment and definitely could have a lot of interest when it lists.
They are well advanced. Large jorc already established. Inferred...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.68M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $5.622K | 41.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 100367 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 8414 | 2 |
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| Last trade - 15.49pm 13/09/2024 (20 minute delay) ? |
| QEM (ASX) Chart |