The Shaw initiation report and valuation at 8c can be summed up...

The Shaw initiation report and valuation at 8c can be summed up as "wrong time and wrong place"....clearly done to boost its chance to be in the reckoning for a seat at the table for an equity component of a project build....no sense to put a valuation pre integration study results....it leant on clearly outdated previous AVL BFS.....a report/valuation will only be credible once free of multiple assumptions and once input and processing determinations are chosen based on economic merit....rare to give credence to a bitter ex holder but this report and timing was odd....With 10+ GWh of vanadium batteries in the pipeline in China alone the vanadium sector will soon reignite......the Dalian ( Rongke Power ) 200/800 MWh battery in China now fully operational required 7,000 tonnes of vanadium....the maths are compelling