Don't forget that Lithium prices where quite average in 2019 and 2020, even though the shortfall was easily predictable, since it was obvious demand would rise strongly and that couldn't be match by production in that time frame.
The Lithium hype is quite recent and only really started to rocket up stock prices when the supply deficit was a fact.
Assuming the Vanadium battery uptake continues to grow (looks highly likely) we should see a significant supply shortfall within a year or two. Its quite probable we will follow a similar pathbto Lithium then. And VR8 will be a very early mover and one of the biggest plays in the space.
An extremely similar scenario is playing out in Uranium and high grade Iron Ore suitable for green steel production(which VR8 might also be able to supply). There is very little doubt the demand for these commodities already is or will be in a serious deficit in the near future and prices are likely to boom. But they are all being ignored in favor the more "hot" battery metals.
Brilliant investment opportunities in these spaced for those not chasing but front running the hype.
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