Very lazy reporting in my opinion....it ain't the same project.....TMT clearly have the better of the same ore body...AVL have the poor yielding heavily oxidised ore with poor economics but are clearly better at getting government and market exposure....Do not discount the strength of TMT's capital structure and register to shield it from a low ball potential merger valuation...I believe the funds see a more certain outcome with one project applying for the likes of Naif funding etc but they ignore TMT being miles ahead re EPA approvals etc.....the challenge for TMT is to get a rerating quickly beyond 50c and the rising v price, EPA approval potentially next quarter, and articles like this shining the light on vanadium will help....as for fair value I can't see any of the Top 20 accepting less than $1
Very lazy reporting in my opinion....it ain't the same...
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