I don't think we should be concerned about what TMT does. If punters think its a better deal then invest and focus there rather than bagging AVL, I have some doubts about where that project is going, not anywhere near as strategic as AVL's approach IMO. AVL management is doing the right thing IMO. Moving from a PFS to a DFS always brings a plethora of issues to be resolved. The technologies surrounding the production of vanadium are a moving feast and I would hate to head down a path that wasn't the best solution technologically and financially. I have seen this happen with other commodities where speed has lead to a disaster in implementation...just look at CITIC and Karara as two examples. I also think more attention should be focussed on the markets for the end product. There is no doubt in my mind that the VRFB market is going to grow exponentially and I think having VSUN Energy as part of the deal is strategically a very good one. I think the strategic importance of vanadium to markets such as the US is also key to the company's future success. Never lose sight of the fact that vanadium is listed as a strategic metal by the US Government.
AVL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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