MASDP Public Hearings in NT, page-29

Thanks PP2.

Most relevant post in assess the new/proposed entitlement/ funding, lets just call it a CR.

The biggest question for me was, "is MASDP going to get the green light and if so are the current time projections reliable".

I say this because TVN, in its modified form evolving from TNG, has vanadium as its backbone.

The purchase of Speewah was for the express purpose of commercializing the production and distribution of vanadium products most particularly electrolyte.

Sumitomo arent sniffing around for the flurite deposit alone. They have huge plans to roll out VRFBs presently in Japan and USA.

We have been raising funds and using exsisting funds to pay for Speewah and have mothballed the Mt Peake project.

Many of our specialist management team are employed to develop vanadium.

The technology that we inherited from TNG is said to be crutial to the magnetite three commodity extraction process.

The proposed refinery is to be sited at Middle Arm.

It is not to exaggerate to say TVNs current road map is dependant on MASDP getting the green light.

The flurite project wont cut it alone. In this regard i was underwhelmed by the PFS, hyped as it was to be the PFS to set new standards.

I take nothing away from this BOD and the progress made since outing the old team. They have done an extraordinary job. They started behind the 8 ball with a project costing holders millions that is now mothballed.

The fact is we are now a company with 80 mill MV, 1.6 billion shares on issue and a SP in the 4 cent range. We have an exsisting finance, con note, commitment that constantly drags any MV and SP down, denying holders the opportunity to sell out without capital loss.

Lets hope there is a green light with the forthcoming announcement.

Then and only then will i consider the current CR.