Niplats does have Australia's largest vanadium resource currently so the economics will likely stack up better due to a longer mine life than other plays.
WVL failed to raise finding probably because of the GFC. I don't think MXR ever had a resource?
Anyway NIP is years from any vanadium production so should find themselves on the right side of the GFC, and have a valuable fluorite resource which should hopefully provide a handy cash-flow when the time comes.
Yes we are waiting for PGE assays, and I believe the field work for the coming season will be to size up any reserves.
To write off Niplats from the comfort of your desktop PC is a mistake IMO.
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