Like the iron ore boom, the Lithium boom and others, in the Vanadium space there will plenty of pretenders who have sniffs of the resource, sometimes in distinctly questionable mining jurisdictions, who fully cash in on the run but don't end up ever turning a sod, let alone building a mine and selling their product.
A solid PFS will likely prove TMT isn't one of those, and potentially may blow some of the competitors right out of the water. Bit of a ramp, but I'm optimistic on this one.