The DFS is outdated and was not using conservative pricing. At...

The DFS is outdated and was not using conservative pricing. At Spot price 8.8 lb, npv pre tax is $660 ish, so in the $500m, post tax range. Refer to Noosa presentation slides from Nov 2021, many seem to have missed it.

Would like to see integration study close to $1bn post tax. They need to present multi pricing scenarios, worst, base, spot and premium.
Will take position based off new study. Best global Vanadium project IMO, GLTAH.