Nzmicro - My valuation is based on Windimurra vanadium (fully financed and off-take(s) in-place) and using a modest PE ratio of 8. The revenue from the hematite is a bonus (virtually zero OPEX) but I do feel we need additional information before we can put a valuation on it.
No I'm not prepared to value Vietnam atm, except to say that Vietnam has the potential to dwarf Windimurra.
Yeah I'd like to know what MM has up his sleeve - you can be reasonably certain that he has been looking at a number of other advanced projects for quite some time now. I'm sure we'll get to know more when he has this bond financing setup. That will be his/our money tree!!!
ATI Price at posting:
$1.53 Sentiment: Buy Disclosure: Held
