VEN agree with you @stumpytrunks . There seems to a growing confidence that scale is the issue and that it can be remediated. This from the Chairmans letter
The highest impact project for the JV is scale at Odin-2 and scale in the metering. This is the lowest cost/highest return and IMO the JV would support this work. VEN have now addressed how they would fund this first if only part of the entitlement is taken up.
If VEN get a 50% takeup of the entitlement it should give them enough funds to complete Odin and scale. That is a far easier goal than raising the funds for Odin and Vali all at once.
IMO every SH in VEN/MEL and Bridgeport want to know how significant the scale issue is at Odin and what post-remediation production will be. VEN seem to be sharpening their approach and focus to allow for that to happen.
MEL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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