Would say we are trading with an enterprise value of around 12-13 million right now taking into consideration the cash at bank. That money will be spent but still quite surprising in my opinion to see ppl flog off their shares for losses.
I think management will have some positive news not far away relating to oil recovery and the Petroteq process.
KRC the vanadium play that has a larger resource than us reported a scoping study with capex requirements in excess of 2 billion dollars yet they still trade with a fully diluted market cap way above QEM’s. The two other asx vanadium juniors I do like are still lagging. Vanadium sector for juniors hasn’t turned up yet but if Bushveld and Largo keep on running like a bullet train the juniors will get some attention. Has to garner some interest shortly.
QEM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
