TNG is a finance job, page-7

For sure there is caution regarding the funding until all the pieces come together,but for me,the biggest questions I have are in regard to 2 details of the DFS.
Because the forward modelling of the prices used in the DFS as regards the v2o5 and tio2 is confidential, its
possible or probable that the prices used are materially higher than those that we have now.So the NPV of 4.9B is contingent on prices rising to whatever level the DFS assumed.
If it was done on the prices we have here now,it would be clear why the share price is where it is.
I'm bullish vanadium and hold TNG for the record,but not blinded by DFS numbers based on opaque pricing.