it’s not rocket science
new ASIC guidelines mean they can’t release a feasibility study with a sensible vanadium price in there like $8USD/lb (longterm average), or $10-12USD/lb (forecast) when it’s sitting at $5USD/lb, and they can’t release it at the current numbers as it simply wouldn’t stack up.
There’s a reason the company has pivoted to batteries, there’s a reason Ian Prentice from a geology background felt a bit like he was needing a new challenge and left.
in the current climate, they won’t be releasing a feasibility study to market to take to the banks. It’s that simple.
it’s not rocket sciencenew ASIC guidelines mean they can’t...
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