Piechart: I agree with you that Indo/China will eventually flood the market with nickel... and yes, all of qpm's offtake has been spoken for but the sale price is linked to underlying LME exchange price with adjustment for sulfate premium.. so this is the variable.. BUT what qpm has that indo/china hpal doesn't have is 100% of their 'waste/tailings' being saleable product. This saleable 'waste' accounts for @45% of revenue and isn't linked in anyway to LME nickel price. Qpm also has the massive ESG credentials that Indo/China hpal doesn't. OEM's have stated they want green nickel but the supply isn't there yet.
Piechart: I agree with you that Indo/China will eventually flood...
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Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $85.72M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.4¢ | $51.03K | 1.498M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 156049 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 222111 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| QPM (ASX) Chart |