Based off my $3 a share rating at the end of that post I think my $1 at the start is low, but I’m really spitballing here it’s quite a unique situation and there’s no vanadium precedence to go off. Ultimately it’s how these parties value vanadium ($7/lb vs $12/lb) and how they value the synergies they’re buying that’ll work out their offer.
HERE WE GO!, page-19
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