Vanadium price advances, page-332

so what we gonna produce 13,000 tonnes of V205 and sell it on the spot market? I don't think so. binding offtake agreements will have floor and ceiling prices as protection for both us and the offtakers from extreme pricing in either direction. securing long term supply is a win win for both parties it's not only one sided where the mine takes all the risk and offtakers get to pay bargain rates if the price crashes

wetting the bed over daily V price when we are 2 years from production and probably 6 months from finance anyways is odd. you could almost argue a similar thing if V price was $30lb right now thinking it would crash by the time we come online.

at the end of the day that's why we get Independant technical experts to look over the project before it goes to financiers. they aren't looking at the daily V price on Asian metals. they would be looking at the cost curve of the entire industry and make a judgment call on the probability of prices remaining down here for any amount of time.

if TMT is well and truly in the Lowest cost quartile and if it has reliable offtake partners and contracts it will get funding regardless of Todays red day on asian metal.