The Brains Trust - 2020, page-1597

Ye, I know. They are using oil slurries to extract vanadium out of it atm. Disgusting way to do it. The DFS for TMT still makes sense and they have binding offtake agreements, but agreed the overarching sentiment for V is quite low and probably a year or so off. Personally I don't look at TMT from a macro V market view, I look at it from a micro view, who is in their current ecosystem, and what the WA government are trying to do.