RCF certainly believe in the V future and here are my thoughts as to why the spread in both,,,,
TMT,,,will mine first and start bringing income in AVL..will produce electrolyte and produce batteries first and start to produce income
After 4 or 5 years..
TMT..will produce excellent profit and be debt free AVL..will be leader in australian supplied electrolyte produced from TMT V and will have secured many battery placements..avl still wont mine yet but will be profitable as a "downstream business"
After 10 years
TMT ...will probably absorb AVL and AVL ore will be mined once TMT orebody starts to deplete..TMT process facility will be redesigned to process the AVL orebody giving the project a 50 year plus mine life with minimal cost needed as infrastructure will be all in place
the above thoughts are what i think could be in RCF thinking