I bought on open at 49c and should feel pantsed. But I don't...
For a vanadium mine, this capex is small (under US $300m)
The IRR is 55%!
It's bottom of the cost curve
The NPV is absolutely huge
Vanadium gigafactory being built in China
Financing this mine is definitely on the table with these numbers.
After the market reaction, you have to ask yourself: Is nobody interested in making an investment with a 1000% return?
Risk:Reward is pretty compelling. TMT is a bright spark amongst the vanadium juniors.
TMT Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
