the thing is at current valuation market is already saying we...

the thing is at current valuation market is already saying we are close to no chance... so in my opinion downside is pretty limited with the amount of tail winds and noise about vanadium. there are far more risky vanadium plays trading at significant premiums to us (TIV, AVL) to name them

if the market changes it's mind and thinks we are going mining then we are in for a massive rerate. if it doesn't we can prob get out around these levels for a long time. even if you lost another 20-30 percent from here (which won't happen IMO) the upside is far worth the risk.

these downrampers coming on are pretending we are some 1 billion dollar developer priced to perfect execution that need VRBs to take off to hold this valuation.


we are best undeveloped vanadium resource in the world. that's gonna be fully permitted and shovel ready by Q3 (6-7 years worth of work and 30-40m spent in the making) in a tier 1 jursidiction.

the MD just chucked 320k in, vanadium is a critical mineral on every western countries list. Russia and china being the worlds current main supply, the long duration energy storage thematic is only just beginning, china installing GWH VRBS and they expect us to wet the bed and sell up at 75m market cap like this is worth nothing cause vanadium spot price today!

laughable. there is also no guarantee that we all want to hold it to production either it could just be a bet that at some point between now and 2025 vanadium is gonna be hyped and we Will be able to trade the narrative. just like it was for a brief spell last year when we went from 30 cents to 60 cents in a month.

same people downramping who sold out in the 30s will be buying tmt north of $1 when the narrative plays out while we offload some into them