Ann: High Purity Vanadium Pentoxide Produced, page-28

So...you think they can do a PFS on a new APV route by October, and wrap up a round of tendering for quotes from equipment and kiln manufacturers based on the new parameters, by December? I think you give these guys too much credit at being able to get the downstream OEM guys to work to your investing deadline.

As Scarpa said, the company has done the PFS work, the science and testwork is leading them away from AMV toward APV, so they have to go start the PFS process on the new route from the beginning. It's a delay, yes. But it's a delay that will hopefully produce results and improve the project.

I don't know what you're getting all het up about, except that you can't pump AVL with hot air and your timeline to Maserati cash out and retiring to the Caymans is delayed 6-12. Awww.