Thanks Troy,
I will look forward to going through this in more depth!
Initially what I’d like to note against your statement that AVL has no binding offtakes, is that AVL *
does* have a non-binding offtake proposal for what as the time was an estimated 20% of production.
This has been in place since December 2020 with US Vanadium, a US-based company. It is noteworthy, I think, that AVL’s technical director, Daniel Harris, is also a member of the USV board
[see link ].
USV has also been cited as the company which will initially supply ore to AVL’s almost-completed electrolyte plant.
Given the relationship there plus new US incentives for Australian and US companies to ‘do business’ I think to write off that MOU because it is non-binding is not appropriate.
cheers
