TMTO, page-15

Totally! In addition to that, people need to picture where/what stage TMT will be in May 2020. Also consider where the Vanadium market is heading. With the current undersupply, projects that are first to market will hold massive advantage.

My main objective when buying oppies is for the leverage power. I think the TMTO's expiry is timed very nicely so that we can be in it while TMT is having its biggest run (I expect this to happen around DFS / offtake) + multiplying the gains through the leverage.