1. Potentially the south Johnstone area farmland good for crops win / win as QBL is just interested in mining not crop growing.
2. This American New York institutional investor is/are they someone with deep pockets to bankroll an IPO and do they have some star power that has been secured through the Feldman / gutnicks connections etc.
3. $6m cash if they want to keep the 55% stake they could presumably spin MCL out in IPO with $3m maybe little bit more MCL may list with $5-10m cash and on options they'd still have the $5m to bring South Johnstone to production. Presumably on MDL approval options will be at excise price.
QBL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
