Ann: Victory Bore Gold-Vanadiem Project, page-37

While it's nice to mention Kooline and Unaly, they have been in the SRN portfolio for years. The market hasn't assigned any value to them because they haven't really unlocked any value in them. Victory Bore was originally acquired from HGM/QHL to increase their vanadium footprint. It was a pure luck that Penny West got discovered and punters started making noise about other players in the region. Opportunistically SRN jumped on it (as they should have).

The only reason the share price has appreciated was off the back of gold discovery sentiment, before that, it was dead in the water unfortunately.