Thanks for making your rationale somewhat clearer rookie.
It will be interesting to read the independent expert’s review.
In looking at AVL current market cap I think it’s relevant to note the ~$87m level (after recent real cash and grants have been removed) is still carrying $39m of assured future income.
TMT has none.
And to note that company was sold down hard to 2.7c in recent months to arrive at those levels despite the $11.5 m vote of confidence from RCF in the first half and the assured income (news of which took it briefly up to around 10c?).
Setting the value of TMT ‘easily at $100m’ is a bit romantic I think considering the current environment especially when vanadium prices are so low and capex open is so high compared to 2019
Thanks again for sharing the reasoning although once again I think AVL be TMT is not an ‘apples to apples ‘ comparison.
