Great post as always @thaiinvest but just to clarify I think you may have misinterpreted the vanadium pentoxide purity grade. We achieved a grade of 95.5%, and not 99.5%.
A grade of 99.5% is required to produce the highest quality vanadium electrolyte necessary for VRFB production. As we are yet to achieve such grades I believe this hasn't been priced into the current SP.
I look forward to the next mettalurgy update and hope we are moving closer to the required 99.5% purity.
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