Bombeiro911, my view is the relatively new plays (AVL is not, it was "Yellow Rock Resources" and changed its name and profile to emulate the now non player "American Vanadium Corp" "AVC") but is included, are exciting the market as trades and also dont have the struggling history that is so easily associated to with TNG.
What peeps fail to understand is the road TNG has travelled may well be the road these plays must travel too. That is a time line from commencement of a metallurgical development process to proving it up for financial consideration (DFS) that has taken TNG over 5 years.
I hope for them the path is smoother and shorter but at this juncture there is no guarantees. They will need to prove recovery percentages, purity grades and then all in costs after extensive background work a DFS that well exceeds an IRR of better than 25% ( TNG is c 44%). That is without consideration of approvals and consents and Off Takes. To think that at this juncture that road is guaranteed is a pipe dream. That is not to say it wont happen but wow there is are a lot of hurdles to jump.
So TNG sits in the enviable position of being the likely markets next primary vanadium producer with a plethora of products and one, titanium, capable of trumping all other comodities. But the market appears weary and cautious. It will only take a couple of co/ making announcements to see the money and support to reverse and come in to TNG. But the market waits as do we. It will happen.
TNG Price at posting:
15.0¢ Sentiment: None Disclosure: Held
