the steam turbine takes 3 hours to warm up to generate peak power, on top of that multiple staff need to be on the floor in the plant to ensure safe operation, then the cost of using it is $1million per month, that’s exact reason why it’s scrapped as it’s not feasible. I would not say $150 per mwh is a fantastic rate and that’s what got them $500k in one day yesterday, there are peak summer days that average well over $400 per mwh, mark my words this quarter will be great for QPM, with the generator running longer and more frequently. I have no time to argue, just saying how I see it, there will be more disruptions with coal power stations going offline. Also dyno Nobel shutdown is a good thing as more gas will be readily available to tps. Another tail wind is the small power plant recently acquired in Moranbah which will add to revenue. $160m market cap is peanuts for this stock
QPM Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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