i dont really expect the sp to lower than the vending price, or what value would the vendors selling then take for their assets?
or are they vending, so that the exploration can be acheived in an asx vehicle that rises in value, and they can redeem much greater rewards?
just look at the MC, and ask where you value this multiple Vanadium exposed company should be.
at .005, thats 13m mc pro forma.
At 1c thats 26m mc.
Ann: Increasing confidence in Queensland Vanadium Projects, page-8
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