If v price continues to fall and we get to 6 to $8/lb it will be impossible to find funding in any form. Any vanadium short fall will be picked up by existing sources - ie out of China mainly. Tmt will have a mine without funding and will be forced to put a hold on everything and cut spending. Then $4 or 5 mil MC is very possible, especillay considering where we are at now.
If v price continues to fall and we get to 6 to $8/lb it will be...
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