I think your logic is more than reasonable here blister. Having a quick look over TNG's updated FS for November 17 and their market cap of $125M you can see the potential for KRC given a JV agreement.
TNG are the most advanced vanadium play on the ASX right now and are closest to production stage thus their high MC.
Our deposit simply dwarfs that of TNG's and we are trading at 1/5th of their market cap! Reasons for this disparity are clear but as we sure-up our purity grades and progress negotiations these discounted prices won't last long. Oh yeah, and we have gold.
KRC Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
