TMT Vanadium Mine Strategy Update NPV, page-46

I personally don't believe TMTs at threat at being overtaken by any of its peers, even if VR8 finish there studies at the same time I believe funding will be a lot more achievable by TMT being in WA and not South Africa, not sure where VR8 sit with enviros but TMT should be ready to go on all fronts come mid year.

with RCF on board TMT I believe a finance strategy is being worked on right now as we speak .. TMT already have a DFS and that's what attracted RCF and given TMT a path to funding, this intergration study
is all about de risking further and optimizing TMT to give it the best oppertunity to succeed without our previous DFS We wouldn't of attracted RCF..

RCF have there own technical team which would be assisting TMT so I dont think they are dragging the chain.

i think another vanadium run like 2018 is immenent and tide will lift all ships but IMO and RCFS opinion TMT is still cream of the crop.

VR8 have a fantastic resource though and there
management looks to be good. so I'm sure you will have success with them