They are simply non-competitive on those figures. Won't ever happen even if they triple the resource size at 0.38
The vanadium market is tiny and will still be small even if/when VRFB take off. That grade simply will not cut it unless they want to pay 800 million for a TIVAN plant - an impossibility unless they come back with another 50 mt and some other really nice credits.
With new deposits popping up weekly the minimum feasible using conventional methods will continue to be around 0.7% - and at a good location/strip ratio.
We are much higher - all looking good, and are progressing ahead of all the recent entrants in the field.
All just my opinion obviously.
TMT Price at posting:
68.0¢ Sentiment: None Disclosure: Held
