Ann: Merger Presentation, page-185

Yes the report will conclude exactly what the report's financier will want it to conclude.

But this project needs $800 mill in capex (?), the MC is sub $90 mill, and the project is clearly not economic at a vanadium price anywhere even close to the current or foreseeable level. Perhaps instead of being angry about it, you should be grateful the project survives a 3rd strike at trying to get going, and you'll have a chance to exit with the greater volume within AVL? Might even get out above the 34.5 cents, who knows?

It's hard to let go of a stock that could have done wonders for all of us had it worked, They've tried to massage the numbers 3 times and not succeeded. If they had succeeded it wouldn't be here hitching its wagon to AVL. Time for acceptance IMO.