They need to execute off take agreement,  so once they do it, ...

They need to execute off take agreement,  so once they do it,  they will be able to get loan from bank to start. The main positive point is vanadium price is very high,  if it stay and maintain the price, you can value the company.  The price of vanadium is mainly drived by Chinese so do not forget that Chinese want their sky to be clear of smoked and pollution.  

VVery restricted to mine in china and they are not mining vanadium in china ,they are purchasing in the market.  China was (is)  biggest producer of vanadium so far