Looking VR8 current market capital about around $45M, not bad after DFS has NPV $1.4B. Figures used are conservative in my view but maybe share price pricing in political risk in SA. At present I think VR8 is better value than AVL that valued at $150M. Going to be interesting to see SRN vanadium asset how it compares when release PFS. Market capital about $20M but also has Iron ore, gold and silver too. Let see how new CEO goes progressing these assets.
Ann: Victory Bore Vanadium Project Drilling to Advance PFS, page-27
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