Ann: Off-take MOU with large Vanadium nitride producer, page-14

@dbd25 Unfortunately VR8 doesn't control the global market. Few have seen the large recent drop in Vanadium coming. So in mining you plan for a base model which assumes a reasonable price, either based on long term averages or on market predictions (and any investor would be wise to contemplate if they think those price assumptions are realistic since they are very important).

It clear that at the moment the market doesn't even remotely match the assumed prices. So you can for now ignore any timelines they have given (and that goes for all primary Vanadium projects).

Next time you invest in a pre production mining company, you should realize any timelines given are subject to market conditions, no matter how good the company or management is. Trying to raise the full amount to build a mine now is next to impossible.

This isn't VR8 missing timelines but VR8 dealing with the current reality over which they have no control.