Ann: OFFTAKE MOU WITH LEADING CHINESE VANADIUM NITROGEN PRODUCER, page-32

It is going to be interesting to see where TMT's off take range falls with the vanadium price still tracking south. Are the Chinese at play here?? I think until an off take is set the Chinese don't want to let the market run to high.

best range I think we can hope for is TMT all in costs - $15.00 at the rate the market is tracking. That is say for 98% V205 price.

99.5% trades at a 30% premium to the 98% quoted market price as indicated by masterminds recently.

Anyone got anything different????