I was being conservative on the figure because of that reason, to be brutally honest if they can work it out and with the potential that Vanadium has especially in the strengthening of important metals used in both construction and defence, not to mention vanadiums importance for the development of Redox flow Batteries for electrical energy storage and the government classing Vanadium as a critical metal $500million+ MKT CAP will be easily achieved.
I’m just not to sure on how difficult it is to mine Vanadium?….. Is it as easy as mining Iron Ore for instance? Maybe that’s why it’s taking a little bit of time or Maybe mines aren’t getting up and running as quick as they were in the past due to logistical challenges caused by the pandemic and factories being closed because of Covid lock downs. But SRN being in WA the greatest TIER1 mining jurisdiction on the planet I’m quite confident that eventually SRN will get the ball rolling and at the current SP SRN is an absolute steal!
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