QPM General Discussion Thread, page-1957

GW,

Appreciate it has been a wild ride with QPM and the battery minerals space this year. I've had my doubts too - full disclosure, exited after DFS delay in June, but re-examined the fundamentals and have steadily bought back in since.

To reply:

A. They're not doing it from scratch.
There's already some $1.1B scratch pencilled in from NAIF, EFA, K-Sure, GM, with other ECAs and fin's still in the queue.

B. QPM is the tip of the spear in transforming a dirty, energy intensive processing industry to a carbon-negative, zero solid waste one. This has never been done before in the minerals processing space.

C. We are in the formative stages of one of the great global societal transformations as the world pivots to a low emissions, electricity-powered economy to avoid catastrophic climate change. Nickel & its processing industry is critical to this change. Never has society faced a challenge of such scale.

D. We are also in a global geopolitical transformation where lithium ion battery and other critical mineral supply chains are being realigned as the world's largest economy, the US, seeks to reassert/maintain its head at the table, and ensure it makes the most of the opportunities in the electrification change. It is throwing staggering $ at this, and has partnered with countries such as Australia to build this alternative supply chain. The Australian government is formulating its support for its part as we type. This situation is unique in history, and QPM again are uniquely placed.

So flip your status quo lens and consider that there is always a first. If there wasn't, we'd be still riding horses and burning whale oil at night.

Left field entry perhaps from those that think, operate and have funding of a global scale - Twiggy or Mike C-B to stump up the (small change for them) remainder of the capex requirements.