Ann: AVL Secures Vanadium Electrolyte Manufacturing Technology, page-44

Excellent post - good observation that the electrolyte plant may allow AVL to begin generating positive cash flow which will help in the process of raising capital for the Vanadium mine. I think this could be a big factor, given the significant Capex of ~A$530m. I also think that both AVL and TMT will succeed in their own right largely because the deposit they share has the highest V grades in Australia at 0.7%-1.1%, of significant size. There's also the issue of nearology. When Chalice mining discovered the Julimar deposit, all the miners nearby suddenly became a lot more popular for investors, and I can see the same happening with AVL/TMT. If the SP of one starts to increase, investors will probably start buying the other too. For this reasoning, this week I bought a sizeable holding in AVL to put alongside my holding in TMT. I've weighted my two investments based on their relative forecast annual production of V2O5 (6175Mt for AVL vs 12800Mt for TMT), or roughly the forecast NPV's for the two companies.

All IMHO, DYOR