Ann: DFS delivers A$1.9BN NPV confirming World Class Project, page-298

Too right @dbd25.
Since DFS day volume of 18M shares, we're now down to 500K, and with large gaps in seller levels.
Won't take much to step it up to where it belongs.

Re: the Grizzle Largo interview, yes interesting in seeing Largo's vertical integration, setting up their first VRFB in Mallorca in 1Q-23 at 6.1MW capacity, and talking about a Vanadium ETF.

In a more practical sense, the ETF sounds similar to the concept of leasing the electrolyte in a battery to cut the upfront cost. As vanadium virtually does not degrade over the life of the battery (the moving parts etc will wear out prior), producers offering this in their VRFBs would assist the vanadium industry in positioning itself as a major alternative to lithium, and become a feature that could be universally known by consumers.

Similar to the NEO li-ion EV battery swap model in China.

Unlike the complexity in recycling li-ion batteries to extract the lithium, cobalt, graphite, nickel etc, putting the electrolyte through a simple 'blood'-recycling procedure to then install in the new enclosure/pump/electronics unit should improve the cost competitiveness of the V industry.

Looking forward to some choice snippets from the team that we haven't heard previously in the Sept quarterly!