VUL 7.26% $3.40 vulcan energy resources limited

VUL is up to 385 employees, so it is rapidly increasing...

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    VUL is up to 385 employees, so it is rapidly increasing indicating the pace of change is moving quickly. The up-and-coming milestones are a few indicating that the risks are being mitigated. The next major milestone is the production of lithium from the Demo plant this week. One would think it would have a good reaction on the SP if it performs to specifications.
    From memory, it only left two other milestones mentioned that of course one of them is the finance which will come by the middle of next year. Finance approval will mean all parties are happy to lend the money hence project is totally derisked in their eyes and full steam ahead. Clearly there will be interim announcements on the path towards finance, but it is easy to see the end in sight.We just need a resumption of the bull market in lithium to add some icing to the cake.
 
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