POW 0.00% 0.8¢ protean energy limited

Ann: Daejon Extraction License Application Submitted, page-51

  1. 10,992 Posts.
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    All the best with your next investment, hope it does better for you.

    I am still willing to hang on, figure if something actually DOES happen there is potential for a bit more upside, the plans for drilling interested me given that even though it is underground, due to them accessing the resource via a disused quarry would mean that they would only need to drill about 200 to 300m to hit the resource and they have small scale production access available to them meaning that it is possible not too much cash would be needed up front to start resource production.

    Having said that the low vanadium price is a concern in terms of mineral production, at the moment the pricing is more beneficial for the battery side which appears to be years away from going anywhere.
 
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