TNG’s vanadium project gets a lifeline from German bank, page-22

was thinking about same thing Noodly. Even with a smooth run on permits etc TNG would be in the same place with financing. One stand out feature with TNG is its continued refinement of TIVAN since its conception over eight years ago. It is that working and reworking that permits SMS to provide the guarantees which intern gives the assurances to financiers and ultimately guarantees the future of production. 

Largos had over a year of teathing problems and losses from maiden run to optimisation. Luckily they were backed by the big house. Windimurra failed twice and is still mothballed. Bushveld purchased an existing but old refinery and overhauled it and due to rising V prices was profitable day one. There are no others and none of the above  operate a hydro metallurgical process extracting all 3 commodities.