The weird thing is that i'm pretty sure a big reason AVL were awarded that grant was due to their uneconomical mining plan... As much as some pretend the grant was given to AVL because of the stellar project, it was due to things like, a centrally located processing plant that could support multiple mining companies, particularly after AVL have finished with it, in what, 50 years, and access more easily local workforces. Then the trucking of ore will involve collaborating with local trucking companies, and the big catch word, using 'green' hydrogen.
Probably if TMT presented their straight forward traditional onsite mine and processing, they would not have been awarded the grant due to not enough 'collaborative' bells and whistles in that plan.
The bells and whistles are a large contributor to why AVL's plan is a fail before it even begins..
Make sense of all that logic... Government logic to be sure...
I still think the merged entity can come up with an economical low opex plan that could come close to what TMT could manage on their own, but it will have to involve scrapping 75% of Vince last 15 years of work, and whether Graham has any of the same DNA as Ian for running a company lean when it's appropriate, it's yet to be seen, but I feel that it is another essential part of being a vanadium project. With a volotile commodity price and potential to go through lean periods, being a board that oozes cash spend out of every pore will do no one any favours.
AVL's corporate costs even right now could be cut in half and I don't think would hurt progress one bit..
Hurt a few people's job prospects or luxury holiday plans over christmas, but once we merge I would like to start seeing this trend in a slightly better direction.
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