The only concern for me in regards to the battery side of POW is that they are coming late to the party, perhaps they will be too late.
disallowed/business/the-economy/wat...first-grid-scale-battery-20181024-p50bjd.html
On the plus side, even without the battery demand for vanadium there is still a large demand for vanadium which will underpin pricing so the resources side should still be able to do well if POW starts mining.
Ann: Increase in Ownership of KORID Energy to Drive Opportunities, page-19
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