I do believe there are economic differences between the 2 sites. Favoring the mine site.
From my understanding there are other soft issues steering the processing plant towards Tenindewa.
in saying that if there are soft issues going to Tenindewa now then AVL+ does not have a plan C.
I could make arguments for both strategies.
The reason AVL wont release the OFS is that the mineral resource estimate has to be released with financial numbers and with the V price, Illmenite and iron ore heading south, then any numbers released would look terrible.
What I would like to see good or for bad is show us what the break even costs are of the project and then release another addition when the vanadium price recovers etc etc.
At least the market knows where the project is at regarding a base scenario.
my other thought is considering AVL is moving towards an energy company Graham could show a model whereby the vanadium is purchased on the spot market, AVL+ would know the cost to produce electrolyte and then sell the battery.
The marketing is still pit to battery but the AVL+ is not restricted by the EPA, department of mines etc etc showing financials to the market.
Currently you could purchase vanadium on the spot market for less than what Largo can produce V units for.
I hope that makes sense?
I am basically saying show the down stream financials.
Buying vanadium on the spot market does not require EPA approval ahaha
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