Time to breakout, page-1566

I attended the benchmark conference for the 3 time and I can report that Vanadium and VRB's are now firmly on the energy storage agenda. I have to say the Vince Agar gave a good presentation although slanted towards AVL I had lengthy discussions with him and got the opinion that there will be more than one PFS on its way each with variable parameters . During the day I asked questions on IRR and NPV relevance to share price..the results are quite staggering. e.g. Pilbara are valued 90% and others in similar stage as TMT as high as 30%... compared to TMT at less that 2% at current prices.

There was good discussion on V price stabilization particularly if VRB electrolyte can be leased to battery coys. When asked what was the takeaway from recent China conference..the short answer was panick from steel companies and the penalaties they will endure if the new rules are not met.

I was surprised at the general interest at a conference normally for Li Co and G.....thus a great future ahead we are beginning to be noticed at the right places.