Quite likely. RCF will not be investing in two separate co's on the same ore body. Too many risks in the TMT story, where AVL have a clearer path. The RCF director on the TMT board has stood down for a reason. IMO the plan is to make a T/O play for TMT. All they have is the resource and a failed attempt at an EPA submission with no meaningful timeframe to build a 160k gas pipline. This is why their MC is where it is, it's already priced in. A T/O will not be easy though as the register for TMT is quite tight. One thing's for sure, good time to be in either company, and Vanadium...GLTA
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