Serious question re/ AVL and TMT, page-141

That's great re the gas but has the EPA process (or environmental studies) even started? And no I'm not talking about the NGI which is finished (https://www.epa.wa.gov.au/proposals/northern-goldfields-interconnect-pipeline). The Ga-bba spur is separate. You've previously claimed it has but failed to provide any proof. (FYI just you saying it has is not proof.) The EPA approval should be reasonably straight forward once submitted but is still time...(The NGI only took 1yr to be approved). So build the plant before you have the gas?
Has APA progressed any further than desktop studies?
https://www.proactive.investors.com.au/companies/news/984278/technology-metals-australia-executes-early-works-agreement-with-apa-for-gas-pipeline/

The Indian connection is the logical and smart choice. They need V for micro grids/LDES and steel/rebar (still waiting for them to increase their standards like China). We're still waiting for the direction AVL will take with their offtakes. Will the US be part of the mix...

The rising V price will save both companies, but we don't want any crazy high prices like in the past to stymie the uptake of VRFB's and encourage Niobium substitution in steel. Hoping it settles in the 10-13$US/lb range; at least until VRFB's are widely adopted and being mass-produced.

The $49M grant is free money. We're talking about loans (NAIF, EFA etc.) that need to be paid back. If AVL or TMT get the nod on any of these finance options it'll be a big validation/re-rating event. Realistically any success for TMT bodes well for AVL, and visa-versa. I'm not against your 1st beloved TMT but they still look very precarious and risky (but with big risk comes big rewards).
GLTAH