Ann: Quarterly Activities Report and Appendix 5B Sep 2018, page-7

You know on this thread we are very respectful about our neighbour....but when the next door MD quotes they are in the unassailable position to be the next vanadium producer it shows the delusional state they are in
Fact- They have had their deposit for many years longer and they have yet to complete a PFS...Why-Because they have not produced an end product vanadium pentoxide flake and until they do they cannot finalise a proper PFS...base case/scoping whatever language to hide the fact they have not done the work!! Sideshows of lithium, base metal credits and manganese floats highlights their focus issues
Fact-They have a large oxidised profile in their deposit-Meaning they have some issues at getting their concentrate right...hence the delays!!!
Fact TMT are many months ahead with a DFS well under way which puts it in an unassailable position to be the next producer.

Sick and tired of being compared ...when we are now the benchmark!!