Nice to see them lining up off takes for when the market improves. But MOU's aren't exactly iron clad and the reality is not a single primary Vanadium mine is going into production at current Vanadium prices.
We need substantially higher prices. The feasibility study was done at $9.50 and we are around $5. Luckily that is not a sustainable price even for many current producers. So production should start to drop off.
Ann: Off-take MOU with large Vanadium nitride producer, page-7
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