If I understand correctly the company already received $2m out of a $8m Federal grant to produce a DFS, and will receive a matching $8m from the QLD government for FID. Does it really take an additional $8m to go from DFS to FID? Or is it that the $8m Federal grant is not enough to get to DFS? Are there any websites that provide insight into Federal and State grant proposals and award deliberations?
Also, with QPM having obtained the rights to use the DNi Process is there any information available anywhere on how much was/will be spent on licensing fees for the proprietary technology? It is quite astonishing that notes to the EY-audited financial statements do not shed light on this critical contractual agreement.
QPM Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)