No one is financing a mine with the vanadium price at a 20year low. Currently our OPEX/lb is higher than the spot price.
That is what the battery side of the business is for, to generate demand, to turn the vanadium from a spot price opportunity into a cost item into the battery solution.
Seriously, watch the Future Facing Commodities presentation (and the slides are an ASX announcement).
AVL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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