Have a look at the constantly slipping timeline, the lack of progress on offtake. FID was supposed to happen 6 months ago. Hell at these prices if the resource was actually viable, the company would have already been bought out. I dont know to what extent this is an Africa factor. That vanadium price just keeps falling. I encourage you to go back several years to see how good this management actually is at deliverying anything but the same rehashed presentation(but with the obvious timeline slippage), capex just keeps going up. How do you expect a a company worth 26m to raise 320+m startup capex?
VR8 Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
