VR8 vanadium resources limited

Ann: Off-take MOU with large Vanadium nitride producer, page-7

  1. 1,474 Posts.
    lightbulb Created with Sketch. 1011
    Nice to see them lining up off takes for when the market improves. But MOU's aren't exactly iron clad and the reality is not a single primary Vanadium mine is going into production at current Vanadium prices.

    We need substantially higher prices. The feasibility study was done at $9.50 and we are around $5. Luckily that is not a sustainable price even for many current producers. So production should start to drop off.
 
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