the start of positive news flow, page-45

Also earning its’ keep is MST Access which last week released another of its (sponsored) analysis updates.
This one is ten pages
https://www.tmtlimited.com.au/wp-content/uploads/2023/08/MST-Access-TMT-Update-2Aug23.pdf

In this update its’ valuation of TMT has dropped from 75c a share to 72c based on new shares as a result of the recent capital raise..

…(“We applied a conservative 60% risk weighting to account for outstanding project risks (financing, construction, commissioning), used a 10% discount rate (nominal), a vanadium price of US$11.00/lb and an ilmenite price of US$260/t (both long-term real).”…​

The margin comment below indicates some useful R&D refund news is on the way this month …


… That gets repeated in the report as does the revised valuation although on page 7 the author writes the earlier valuation was 74c a share not 75c ….

I think it will be good when the company is picked up by other analysts,  and I  look forward to hearing from more expert followers about any snippets I missed.

cheers