IPO - QEM Limited, page-100

I’ve looked into IRC’s other projects. Not interested in them. Gold resource and grade is too low grade. Yeah can be profitable blah blah blah but the capital expense on building a small scale gold mine ain’t worth it. What’s IRC’s market cap? 38 million?

I would say QEM will take them over upon a month of being listed. Invest in QEM. Listing at the right time. The right stage. Have a solid MOU with an environmentally safe process to get at both the shale and vanadium.

You can look at all the negatives but the end of the day QEM have 100% of their project moving forward and they control the asset and their enterprise value will be 15 million dollars which is dirt cheap.

Vanadium price is absolutely pumping and VRFB hasn’t even started to hit the market yet. All the recent demand has been driven by Chinese rebar and increased steel production in China. Anyone who thinks QEM is a bad investment needs their heads checked. It’s a risky investment but that’s what happens when your listing as a 20 million dollar company with 5 million at bank.