They need to advance the main gold discovery further for it to attract good $$.. Still explore the wider ground to a lesser extent but focus on developing the main body.
Vanadium market is in a trough at the moment, and there is uncertainty with the steel market which puts further pressure on it. In light of this, I expect a methodical approach is being taken and from SRN's perspective, there is certainly no hurry to produce and sell Va in a subdued market. Make all the right inroads and get set up now. Develop to take advantage of eventual shorter supply and accompanying price recovery. Surely that is the game IMO. Granted that's not the ideal vision of timeline for some, such are the times.
They need to use some of their other tenements to muster attraction in the short term, so that's why I am happy some focus remains on Yidby.. Kooline or Perenjori West might be worth a deeper look too.
SRN Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)