Now BGS comes out with their PFS. Compared to TMT - its a smaller operation (less CAPEX, less EBITDA)
But roughly similar return on investment. Their market cap is 5 times TMT. Re-rate surely will happen at some point.
Fundamentally - Chinese new rebar standards calling for increased V content to take effect in November. Would imagine this will impact V2O5 prices.... Will the gov't relax their environmental stance on Vanadium production?
TMT Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
