In response to my earlier posting.
It would appear that I was blindsided at the presentation of the companies activities last week. This was the day of the real surprise in increased resource to 119mil ton of contained V and the first one with a indicated resource. As a result of the announcement we saw the price respond with a high of over 43.
Actually this happened during the meeting, yes I came excited. I was told that the second set of met results were possibly 2-3 weeks away, this is to follow the recent release where very high recoveries were obtained. My experience in this type of orebody similar or higher grades are most likely.
We were told that the PFS had commenced and was fully budgeted for within current funds. I assumed that these studies would take around 6 months, there was a likelihood to be in front of competitors similar actions.
All I can say now upon reflection is that the combined effect of great met and drill results leading to better reserves excited the market. Now it is obvious that there must have been a few funds in the wings and were desperate to get on board. It is important that an explorer get the right parties on board to expidite further developments. Now it appears directors recognize this. It has better long term benefits if done quickly, and can be far superior to a long drawn out issue to shareholders.
Shareholders IMHO are not the loosers in this case.
With the quick cash injection all programs can be expedited…time is of the essence we need to capitalize on the Vanadium wave.
Ask your self has any potential been reduced ,the simple answer is no..we all knew a raising was on the cards,,frankley the sooner the better. Investors who came on board over 35c should not be disappointed.
p.s. Benchmark (battery storage specialists) are going to include Vanadium in their program
WORLD TOUR 2018 DATES ANNOUNCED - 2018 TO FOCUS ON LITHIUM ION VERSUS SOLID STATE AND VANADIUM FLOW BATTERIES
Benchmark Mineral Intelligence is delighted to announce the dates for the Benchmark World Tour 2018.
In its fourth year, the tour will this year focus on the supply chains for the next generation of battery technologies. As we enter the era of advanced lithium ion batteries in electric vehicles and utility storage, we ask what's next? Advancements in solid state and vanadium flow batteries could have a significant impact on the supply chain for key raw materials of lithium, cobalt, vanadium and graphite.
Spotlight on vanadium to increase!!!!
