I said AVL never got funded because they didn’t have EPA approvals. How can you provide funding to a project developer that doesn’t have approval/permits to construct their mine?
Again I disagree banks and other commercial lenders did not support AVL because it had no EPA approvals Lewis.
If you do some external research you’ll see plenty of projects announce funding hot on the heels of EPA approval.
(No point in announcing it prematurely but lining funds up before that approval is key ‘goal’ on all ‘real’ mining projects’ timelines)
- why else the conference rounds?
Also I initially disagreed that BANKS were likely support this project and gave evidence in the form of that quote from BNP Paribas!
- No mention of EPA approvals there ! Just
1) a mine life longer than two decades and
2) solid evidence it will have buyers to support production!
The current vanadium prices in a market where I think only 10% or less is going to VFBs don’t support a finance banker telling his boss there’s potential for long term revenue and stability
Nor do the points that Troy raised - that the tech is 20 years old and well adopted in China - going to inspire a commercial lender with confidence.
But - like I said I dunno who’s going to back them .
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