9 years is a long time either way,
Valkor heavily involved in Utah now signals incoming deal woth all in this joint venture.
QFI could be a big player throught the N american oil sands so your 9 years could be well worth waiting for :)
Im pretty sure its a dead cert regarding whether it works or not at asphalt ridge otherwise valkor wouldnt take so many shares as payment.
Rumour in the wind is that its all been agreed who gets what behind the scenes as well.
Im quite heavy invested in PQE but this one is a very dark horse and glad i bought in.
Be good to see LTH get that payback as well
GLA
Paid fully in shares means confidence , own nigh on 20 % PQE
Word on the street is its incoming .
First contract for QFI imo
Valkor at asphalt ridge are bringing the bacon home so upto the board to get the deal they want.
Seems to be a sudden realisation of how important QFI are to this project .
Then Morocco and possibly Equador or even Mexico coming in hmmmm where would that take the SP?
Sounds like news next week from the JV in utah so maybe an update from QFI as well
If they dont land asphalt ridge then something amiss here .
Judging by behind the scene noise tho its all coming together
The addition of MSAR adds SIGNIFICANT value to the project, it can probably cut the production costs in half and the product can be sold directly to end users at a premium to the WTI price, no need for refining. Remove MSAR and the project is nowhere near as financially rewarding. QFI could potentially add $25 profit to every barrel sold, and if Petroecuador lands very soon, PQE will need QFI much more than QFI will need them, Jason and Mike will be in a very strong negotiating position to agree as high a % of the profits as possible.
As i am in both i think you will find not many PQE investors would not agree with this, Utah has 88 billion barrel of recoverable tar sands so i dont see that as a small fry operation . It appears that all included in the plant change over for bunker fuel along with the board are happily loading up with shares.
That tells me Asphalt ridge is progressing very well and the whole concept of this is to unlock clean tar sands which could well include MSAR on numerous plants world wide.
However i totally agree that PQE and TOM investors seem to hugely overlook the potential here and what brings to table.
Tomco flying
PQE creeping up and expectation mounting
QFI one taps fingers wondering !
Cmon something must be happening ?
Absolutely stagnant sp
Still no RNS ,
That crystal ball needs a hell of a polish
'see a slight correction in the sp near term. It’s going to take material news to shift this over 0.35...I think the current levels are too low for where we are now. Dyor'
In that case better investments for higher return elsewhere
News this week ;)
Pqe flying now ,
So come QFI get some news out
Brent oil 44.8 now
Steadily creeping up
They all said bottomed out at 2.5 p then 2p then onto 1.8 p then the same said at 1.2 p then i f i recall same was said at .8 then .6 then onto .3 .
Then it was said it will never reach the 1s hmmm didnt we see 0.0016 lol
Same old waffle placing ahoy