@MtnMusic's post deserves its own thread, so I created one and copied his post here (hope you don't mind MM).
https://hotcopper.com.au/threads/associated-news.6011060/page-1626?post_id=68962231A recap for new investors and those recently sidetracked:20+ Reasons to Invest in QPM
1.QPM’s Townsville Energy ChemicalsHub (TECH) Project on 7-Mar-23 receivedSignificant Investment project designation by the Queensland Government. This results in elevated multi-agency and cross-government collaboration and coordinationhttps://www.treasury.qld.gov.au/investment/queensland-treasurys-investment-support/
2.The TECH Project and LansdownEco-Industrial Precinct where it will be situated are two of only eight QLDGovtprescribed projects. A prescribed project is one which is of significance, particularlyeconomically and socially, to Queensland or a region. Declaring a prescribed project enlivens the Coordinator-General’s powers to ensure timely decision-making in relation to prescribed processes and prescribed decisions.https://www.statedevelopment.qld.gov.au/coordinator-general/project-facilitation/prescribed-projects/list-of-projects
3.A large proportion of the project debt financinghas been conditionally secured, with further support pending:https://www.youtube.com/watch?v=BujvDu96zn8
4.All Stage 1 & 2offtake is securedunder binding offtake agreementswith Tier 1 partnersPOSCO, LGES & GM:https://qpmetals.com.au/investor-centre/asx-announcements/> Investment and Offtake with General Motors 12-Oct-2022.
5.Ore supply exceeding Stage 1 nameplate has been securedwith binding agreements and is diversified, with four NewCaledonia miners SLN, SMT, SMGM & MKM (Mar23 Qrtly).
6.Ore supply is “ore fatale” overburdenlaterite from New Caledonia. The ore is in abundance,high grade (1.6%) & with limited competition:https://qpmetals.com.au/investor-centre/investment-presentations/> 20-July-2022 Noosa Conference Presentation.
7.Gas supply, a key and price-volatile input is pending guaranteedfrom the newly acquired Moranbah Gas Project(MGP), which collects waste gas from operating metallurgical coal mines in QLD’s Bowen Basin. QPM subsidiary QPME will operate the asset.
8.The MGP willnot only guarantee gas supply at best in market rates butalso generate revenuethrough supply to other industrial users such as Incitec Pivot and to the Townsville PowerStation to produce electricity, targeting peak load times. Projected revenue for CY24 is ~$40M AUD:https://qpmetals.com.au/investor-centre/asx-announcements/> 17-July-23.
9.The TECH Project is calculated as being approx. 1M tonnescarbon negative:https://qpmetals.com.au/qpme/carbon-abatement-hub/
10.The TECH Projectproduces little to no waste! All material entering the plant is being targeted to leave as a sellable product. The Direct Nickel process is a clear environmental winner in every category compared with the industry standard High-Pressure Acid Leach (HPAL)process;https://www.altiliumgroup.com/the-dni-process/
11.There areeight sellable products from the facility, providing a counter to cyclical price movements in the key products nickel and cobalt (QPM AFS).
12.The TECH Project enjoyssolid if not spectacular support from all three levels of the Australian government. Townsville Council and the State Government have completed all project approvals and are facilitating the early building works of the Lansdown precinct. The FederalGovt has shared funding for Lansdown and is establishing the National Reconstruction Fund with significant funding for minerals processing projects as part of a focus on securing strategic minerals and creating a domestic battery manufacturing plan. The QLD Premier recently completed a trade mission to Korea meeting QPM’s partners POSCO, LGES and the Korean Export Credit AgencyK-SURE:https://buff.ly/3rtwB7P
13.All local, state and federal government approvalsrequired for the project have been granted:
https://qpmetals.com.au/investor-centre/asx-announcements/> 15-Dec-2022
14.The TECH Project’s battery products are poised to enable our downstreampartners to gain maximum benefits from theEUBattery RegulationandBattery Pass’ESG provenance requirements.
15.The TECH Project’s battery products are poised to enable downstreampartners to gain maximum benefits from the USA’s Inflation Reduction Act’s (IRA)domestic or free trade agreement suppliers.
16.Townsville is QLDs second largest city, and has askilled nickel processing workforcefrom the 2016-shuttered QNIYabulu project. Both government and former workers will have a poor view of that site after the previous owner Clive Palmer withheld entitlements and stymied creditors, whilst spending big on tilts in politics. The alleged new owners of the facility have not updated the market in over 7 months:https://inqld.com.au/business/2022/12/22/clive-sells-the-farm-palmers-2-billion-deal-to-offload-troubled-townsville-nickel-refinery/
17.The Lansdown Eco Industrial Precinct iswell supported by nearby critical infrastructure, including road, rail, gas pipeline, water pipeline and the ability to connect to the power grid. Both federal and State government funding has been allocated to assist with funding this infrastructure (QPM AFS).
18.TheMGP offers Bowen Basin coalminers the opportunity to avoid significant financial penaltiesnow applicable to large industrial polluters under the Safeguard Mechanism in failing to meet their required annual 4.9% emission reductions:https://qpmetals.com.au/investor-centre/investment-presentations/5-Apr-2023 Moranbah Project Presentation.
19.The TECH Project is the most advanced of those using the Direct Nickel processing technique. There is further potential for creating future plant Stages (e.g. in New Caledonia) or providing technical assistance to those other less advanced companies:https://www.altiliumgroup.com/news/
20.Nickel-based lithium-ion battery chemistries are preferredfor long-range in EVs and heavy-duty applications. The transition of the global vehicle fleet from ICE to EV in these categories is currently minuscule:https://www.iea.org/reports/global-ev-outlook-2023
21.German KBR Plinke, Andritz and Siemenssuppliers have entered into a Collaboration Agreement with QPM, to advance the project for the mutual benefit of all parties, meet the specified requirements, provide performance guarantees and identify the quickest pathway through construction and commercial production (Mar23 Qrtly).
22.QPM iscurrently trading at <10%of its Net Present Value(NPV)8(~$200M AUD v $2,665M AUD Stage 1only, QPM AFS) despite the de-risking from being at an AFS stage.
23.QPM isfar more advanced thanTheCall discussion from Mon 24thJuly attendees would have you believe. Upstream ore supply is locked in with four binding agreements! Price assumptions affect our ore supply cost at the same time as our finished product! Construction approvals are all approved! Financing targeting Dec 23 quarter! Process trailing is far more advanced than just the ALS WA facility! The cost has been rigorously examined by the key plant builders themselves & an independent Technical Expert!
I'm sure there's stuff I've missed!
Lots of further de-risking news incoming in the coming months
(20min delay)
