TMT now has a very large target on its back, page-59

ESG rules out excess trucking and diesel burning via AVL strategy. And AVL have a $6.90 V205 opex with a 79 cent Diesel price so there mine is currently uneconomic with Bulk Diesel at $1.50 plus.

AVL also needs to blend their ore to make it economic.

TMT do not need to do any of the above and hold all the cards because there processing strategy is all at the mine site.

I think RCF is getting greedy on the vanadium outlook.

My suggestion to this RCF problem in the coming months is for Ian to have TATA group buy out RCF which will help:

Shareholders make money
Valuate TMT something higher than 30 cents
Get rid of RCF
TATA will then secure supply

Just my opinion