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6.67%

4.2¢ qem limited

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chris1983

11,314 Posts.

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27/09/18

17:47

Post #: 35889602
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Originally posted by Yuk1 ↑

Thanks Chris. I guess that we will just have to agree to disagree on the non-oil bearing vs oil bearing argument! Agreed the Vanadium price is going great guns and likely to stay up for some time. On the processing, what I would say is that to extract vanadium from oil shale, you have to dig up all of the oil shale unit, then heat it up to approx 600 Celsius to melt the rock and bring off the oil (which in the process produces lots of noxious gases - I am sure the Julia Creek/Richmond residents will love that!) and then you treat the fly ash to pull out the vanadium as you would in a non-oil bearing unit. This is why approvals and permitting is going to problem for QEM as no doubt Lock the Gate and Greenpeace will be all over it. This is compounded by the fact that the QLD labour government currently relies upon green preference voting. This is why I would rather go for Chalice or Liontown on the ASX. Above is only opinion. Please DYOR.

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https://petroteq.energy/technology/oil-sands-extraction

QEM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.2¢		Change -0.003(6.67%)		Mkt cap ! $19.68M

Open	High	Low	Value	Volume
4.3¢	4.3¢	4.2¢	$9.331K	217.0K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	340817	3

View Market Depth

No.	Vol.	Price($)
1	7692	0.130
3	100367	0.125
2	81666	0.120
2	15000	0.100
1	11122	0.090

Price($)	Vol.	No.
0.140	9997	3
0.145	137253	5
0.150	29889	3
0.160	80000	2
0.165	10000	1

Last trade - 14.46pm 22/11/2024 (20 minute delay)

QEM (ASX) Chart