credit suisse upgrade

Credit Suisse has issued an update note on SYR today.
Valuation has increased from $4.90 to $5.60.
Lots of interesting comments about the Vanadium - all very positive. Here is one of them that I liked:

"In our view, the extension of the feasibility study is unlikely to delay the start or ramp up timing. Additional capital cost is unlikely to require additional equity in our view. Management indicate that there is strong customer interest in off-take agreements providing sound lender credit."

I will try and find a link that I can post.