China now buying Vanadium mines, page-7

I have no connection with the mining industry, but it seems to me that if large company/corporation wanted to buy VR8 as a Vanadium mine, they would usually wait until all the preliminary work, permits, planning, processing plan, financing, etc is done and dusted, so it becomes a "sure" bet. Maybe even wait until VR8 got into production. By then, the market cap would usually rise to a significant fraction of the NPV. They pay the extra, because they get much reduced or effectively no risk, and a clear road of future earnings (>>25 years ?). So I don't think VR8 would be a takeover target anytime soon. Some shrewd soph mining investors might try to grab a significant share holding though (e.g. Delphi), perhaps 5-10% ?

All IMHO, DYOR