The Vanadium recovery project will have to go back to the drawing board.
I would assume the off take with Glencore has gone away, and it will be the same with the underwriting of 80% of the debt component by the government.
The company will not make money from Mercedes until an expansion plant is commissioned, and I feel that is likely to be at least 2 years away.
The hub and spoke are not built, the hub PO hasn't even been issued.
Once the pilot plant is operational, MB will likely want to tweak and refine the way materials are processed and recovered, which will also take time.
I sold out this morning, for my largest loss ever...
I do not believe a word Chris says, and as such, I cannot remain invested here.
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