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TMT & AVL comparison, page-8

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Glpg

1,911 Posts.

324

16/01/22

14:47

Post #: 58898454
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Originally posted by dbd25: ↑

Th88 - great comparison between the two companies. After you brought to light earlier this week the big difference in the timing of the EPA applications between TMT and AVL, I really think this could turn out to be the biggest factor of all. Thank goodness that TMT management had the planning and foresight to submit the EPA application back in late 2018 and not in 2021 (like AVL). From what I have read on the EPA website over the last year, the approval time is highly variable, but tends to be typically in the range 9-36 months. If TMT gets approval in mid 2022, that will be perfect timing to dovetail with the release of our updated DFS, and perhaps financing. In contrast, AVL will probably be waiting until 2023 or even 2024 to get EPA approval. Until then, they won't be able to build a Vanadium mine, regardless of whether they release a BFS or get financing, or bank a few bucks from finding PGE targets near Julimar. The EPA approval is a big deal, and I would expect the SP of TMT to significantly re-rate when it gets announced.

All IMHO, DYOR

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haha yes that’s certainly possible, but you would have to expect AVL will navigate better than our mutual scone-baking friend.

TMT Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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