Yes the last presentation pretty much showed the news flow drying up after the last quarter - other than the mining study. The battery trial will run over a few years, so looks to be a longer term thing.
One thing I didn’t ask about are the offtake discussions in the presentation. They were meant to have commenced. I don’t know if they have progressed very far, but I will call next week to get an answer.
I expect there will be some announcements coming we don’t have a truckload of cash in the bank. So they will want to boost the share price before looking at chasing more funds I should think.
Other advantage is Korean Govt backing, who knows if they can sell the downstream story and commercialise the batteries, they might assist with further funding. If it means more commercially viable batteries with cheap feed stock, it might be something they’re happy to chip in for.
I was hoping the JORC would set a floor in share price a market cap of $3m with 1.7m cash at bank seems crazy to value vanadium resource alone at 1.3m
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