Yeah this is more like it now I read it more broadly a second...

Yeah this is more like it now I read it more broadly a second time.

I am still not sold that merging is going to materially improve the metrics much. At least from what TMT already have.
From funding, offtake, place to invest in vanadium (and probably downstream industries as well eventually), I agree with Rook it was probably a forgone conclusion from the day TMT proved their own resource that this would be one entity at some point before funding.

If they were on opposite sides of the country though, it would be let the best resource win...
Even then, getting into the pockets of government seems to count for more than having the best project, so maybe TMT doesn't even win in that scenario.

But as they say, works to date (both sides) won't be set back too far, so TMT have absolutely put together their side of the package (permitting, planning, etc) at least equal with AVL, if not more advanced in several areas, so from that perspective no one is outrageous for thinking 50/50 of the new company is a reasonable consideration. Even more so if we learn post integration that the likes of TMT's gas pipeline and onsite processing will get the nod. How valuable then is the extensive EPA permitting submitted by TMT in contrast to the submission for a plant 500kms away which might just go in the bin?

All hypothetical as we don't know what the end plan will be so no one jump on me for thinking out loud.