Spend say $10 million and make $100 million. Drill some more holes and enlargen the resource, if the strike is open still, as jv partners would need to stump up half a billion eventually to get a v mine up and running they to know it is a long life mine.
Metallurgical study, scoping study, mining lease, environmental study, aboriginal agreement e.t.c, they all de-risk a project. And every dollar spent can add 10 dollars in sp or jv/farm in value.
I have a small amount invested in yrr and at this stage another vanadium play will attract my next investment. Would love to put more in yrr but need a sign which way this co is heading.
anybody out there.., page-18
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