Indeed @PieChart. We did have an earned advantage. I, among many others, sold CLQ/SRL and purchased PM1/QPM in mid-2020 when the good Dr made the move over.In my mind, it all comes down to risk @Carillon. QPM's risk of progressing through to production is significantly lower than SRL's risk. This is primarily because QPM has a dramatically lower funding risk due to a significantly lower CAPEX (circa A$2.75b for Sunrise v A$1b for the TECH project).
Sunrise relies on some form of a vertically integrated strategic partnership with a major OEM for financing (which would be a new paradigm for the industry), whereas QPM can progress down a more traditional financing route (40% equity and 60% debt primarily sourced from NAIF).
One can also debate the respective merits of QPM's DNi process versus SRL's IX HPAL process. Like SG, as a chemical engineer by training, I prefer CLQ's DNi process due to its environmental credentials. In addition, the industry is sceptical of unproven variants of the HPAL process (such as Sunrise) due to a vast history of HPAL failures.
I expect SRL to sit around the $100m MC level for a few more years and QPM to continue to appreciate to the $1 billion MC threshold over the short-medium term as execution progress continues to be made.
T.E.P.
- Forums
- ASX - By Stock
- QPM
- Medium Term Target: A$1+ billion market cap
Medium Term Target: A$1+ billion market cap, page-614
-
- There are more pages in this discussion • 1,595 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QPM (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $93.28M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.7¢ | $94.95K | 2.514M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 257499 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 325000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 257499 | 0.037 |
1 | 1689912 | 0.036 |
11 | 691152 | 0.035 |
3 | 490000 | 0.034 |
5 | 325575 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 349421 | 1 |
0.040 | 380000 | 2 |
0.041 | 702023 | 3 |
0.042 | 1023943 | 8 |
0.043 | 519460 | 3 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
Featured News
QPM (ASX) Chart |