I agree with marco2, except maybe the jv. I would hope rather than a jv, we pay processing fee to use the processing plant wvl are firing up. That would save us a couple of hundred million dollars in infrastructure set up costs and avoid a capital raising and the demand for WVL (see their presentation) is such that several new suppliers could easily be absorbed into the supply chain due to the increase production of steel around the world. Vanadium is a good product to be in for some years into the future.
MXR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
