There is only one person smoking the pipe and its not me.
Its the EV moment for Vanadium not VRFB. You are arguing the wrong point. We are talking Vanadium mines in a vanadium market. The applications the vanadium market supplies is what drives the price of the market and ultimately where the vanadium tonne units get sent around the world to China / US and Europe. Small amounts of consumption in other countries.
The vanadium market in a normal scenario China Exports 5000 Tonnes to Europe which keeps the markets in Equilibrium across Steel, VRFB, Aerospace and Chemical Applications. This is scenario 1.
at the end of 2020 and this year China has become a net importer meaning the usual excess 5000 tonnes stays within China leaving Europe short. The US is 100% net importer. This is scenario 2 which leaves Europe short 5000 tonnes which sends the European price up vs China.
Scenario 3 which is yet to happen and is the vanadium market moment which VRFB's is the primary driver of the EXCESS tonnes which drives the price of the vanadium market. Western countries and China are in an energy crisis and battery storage is part of the solution in an hybrid energy market coming off coal if the energy markets don't go nuclear.
VRFB's consume massive amounts of vanadium and a 110% increase of global vanadium supply (120,000 tonnes to 240,000 tonnes) is required to fill the demand projection. Now if vanadium catches 3-4% of this market currently the vanadium price will shoot up and the steel market will be left short. Momentarily All V markets as described above will be left short. Steel, VRFB, Aerospace and Chemical Applications
https://www.vanadiumprice.com/vanadium-set-for-disruptive-growth-as-battery-energy-storage-gains-momentum/\
1. Bushveld via South Africa will supply Africa's projected VRFB demand turning tonnes away from China Steel Market
2. Largo Via Brazil will supply USA projected VRFB demand turning tonnes away from China Steel Market
3. TMT via Australia will supply Australia's projected VRFB demand turning tonnes away from China Steel Market
4. AVL via USA (then possibly supply their own) will supply Australia's projected VRFB demand turning tonnes away from China Steel Market
5. Evraz via Europe will supply China possibly but Europe will have its own VRFB's and the EVRAZ supply is not enough on its own.
6. China has no primary mines and supply is fixed via secondary sources so they cannot ramp up supply which has been the case for 2 years.
In summary VRFB's are already proven and being installed around the world. The vanadium moment is coming and its the added demand driver to the market. Sure VRFB's are not economical over $12 per pound but neither is lithium catching fire for any energy storage application including residential homes which vanadium now solves demonstrated by AVL.
Vanadium and VRFB's are shining through and gaining large market share over rival metals and rival technologies. Look what the vanadium price did late last year and early this year when from $7 to $12.40 still on small VRFB demand taking excess tonnes. Now Russian supply is taken out of the market and more VRFB demand projected H2 2022. The price could go well over $30 per pound in a heart beat.
I believe TMT will be the next primary vanadium mine hence why I am invested. If it doesn't get to production that's the risk I have taken and don't need yourself pointing out my investment risk.
IMO its all looking good so far from a demand front / TMT pathway to mine / the diamond hands we have at TMT.
I think you need to go away and DYOR.
