My final reply to you - read the Scoping Study. AVL is targetting the steel market. The battery market comes next. As to your other points, I have already provided my reasoning as to the expensive cost structures of sedimentary hosted vanadium deposits compared to magnetite. I have also provided my evidence around magnetite deposits been able to provide for 99.5% purity, above 98% purity.
These arguments in this thread are semantics only. I suggest you deal with AEE and ask the basic question of why they are also focussing on the steel market themselves in their own Scoping Study - the answer is simple, to get into the vanadium market in the now you need to target steel where all the demand is. Demand for battery grade is down the track.
As for AVL, I see there battery developments as a side project to the current main game been steel.
That is not been defensive, that is simply pointing out the facts of where demand lies.
All IMO
Sediment-hosted (V) vs magnetite-hosted (V), page-31
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