AVL australian vanadium limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-16

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    The reason there has been many years of kiln testing for AVL previously was they had a lot of oxidised material and the ore was unsuitable for a standard roasting kiln....now they have the better ore in fresh rock they go with the kiln from F.L.Shmidt.....if and when the project happens......I can't help getting the feeling reading the quarterly that we are still a long way from a decent outcome......I don't want to be negative but I just get a sense of the "can being kicked down the road"......a punitive approval process with the vanadium price sub economic now for a long time is the reality.....sold down a fair bit...there are better short/medium term stocks out there
 
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