The EPA approval will be a big tick when it finally happens, but I think the elephant in the room now is the falling V2O5 price. I think securing finance, including a ~$700m capex, in the current situation will be incredibly hard. At current prices the mine would be on the margin of financial viability with a very long payback period. I think TMT will have to wait until V prices start to recover before they will get finance.
All IMHO, DYOR
TMT Price at posting:
28.5¢ Sentiment: None Disclosure: Held
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