"This is ridiculously cheap for a project with a $3b NPV and IRR of 44%"
And this morning's TNG headline "Vanadium market continues to rise". If only the NT government would give a bit of a nudge to the Traditional Owners. Something like a couple of weeks to give reason why a mining licence should not be issued. Without a bit of government pressure it looks like the Greenies will keep the TO hanging out forever. No matter how good the underlying value is there is no value in nothing happening. In fact the money tied up in TNG could have been earning something elsewhere - and that may well be what shareholders are starting to realise.
TNG Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
