QPM 3.23% 15.0¢ queensland pacific metals limited

Short term target: A$200m market cap (~20c)

  1. 2,763 Posts.
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    There's a good reason QPM is furiously climbing north right now, it is seriously undervalued.

    At a market cap of circa $60M AUD (current), the EV/NPV ratio is 0.04, compared to an average of around 0.3 (7.5x higher) for other development stage EV battery metals projects on the ASX right now.

    And, this is even before a significant impending upwards revision of these NPV numbers. The scale of the project is set to double on LG Chem's request, which will further increase (already very impressive) IRR figures.

    https://hotcopper.com.au/data/attachments/2826/2826462-65dc96db4198535ade06570fd985eae4.jpg

    QPM's peers such as Legend mining, Azure minerals, Clean TeQ and Poseidon Nickel are all trading at circa >$200M AUD. It should be noted that QPM (formerly Pure Minerals) has one of the (if not the strongest) NPV/IRR figures of the entire set. It also has the lowest risk being a chemical processor and not a miner per se. QPM is also diversified beyond nickel.

    https://hotcopper.com.au/data/attachments/2826/2826476-ba675afdeb33ca82a27164dace1e585a.jpg

    It is for this reason that I think the QPM re-rate is still in its early stages; I think we will see QPM approach a $200M AUD market capitalisation in the short term.

    This would equate to a share price of circa 20 cents.

    T.E.P.
 
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Last
15.0¢
Change
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Mkt cap ! $183.3M
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15.5¢ 15.5¢ 15.0¢ $137.6K 898.1K

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25 680159 15.0¢
 

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Price($) Vol. No.
15.5¢ 1091896 7
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Last trade - 10.52am 21/06/2021 (20 minute delay) ?
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  Change
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