Medium Term Target: A$1+ billion market cap, page-1981

@Newyperm, after reading your question I checked out the Dec21 preso, and found a lot there that may help answer:

* Key findings in DFS to date include identifying capital and operating cost savings, likely higher nitric acid recovery (lower OPEX) and confirmation of some previous assumptions, plus
* Recognising capex pressures and examining opportunities to simplify the flowsheet, amongst other challenges identified and being addressed, and now until the DFS completion a further focus on lowering the cost of nickel and cobalt precipitation etc.
* Also very meticulous with lots of provisioning being looked at to assist with lead time and personnel difficulties in our COVID world.

IMO on balance the increase in Capex will be in a significant part offset by the cost saving/efficiency opportunities identified by the rigour of the DFS; I think we will be pleasantly surprised!

Noting also Tesla has just increased its nickel battery variants by US1-1.5K this week, to offset the increased nickel prices.
So remember to factor nickel pricing in to the new numbers - even if QPM used the peak 2019 pricing in their Dec-19 PFS, its still below where its at now, and likely to be over the next decade:


Good times to be QPM'ers. Happy Friday to all!