Once up and running VUL will be 1st choice, on an economic and environmental basis. That's the key risk and my point, when/if will they be up a running. As said before, the world will need all reasonable projects to come on line, but cant see EU projects getting a ticket to mine on an environmental basis.
Maybe VUL can extract leftovers for EMH's tailings, if it gets a ticket to mine. A lot of "ifs", and Mr/Mrs market does not like uncertainty. With VUL's marketing department crapping all over the other EU projects earlier this week, dog eat dog mindset, in that other projects need to fail so they can get a ticket, dumb and not a good look from an ESG perspective.
Good News & Bad News, page-661
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