China making big battery push in 2019, page-22

Here's a thought - if Woojin are intending on providing up to 60% of production & pre-production finance, wouldn't kfw pay them a visit to see what they are willing to loan.

The Vanadium price has been erratic - massive run up followed by a severe correction in the past month or two. But forecast is that this swing down is short lived as China enforce rebar standards & look to be the world's battery builders (see Tesla breaking ground today in Shanghai).

I'd think with forecast costs at $2.50lb locking in 3/6/9 months or a couple of years production at $15-$20/lb with a finance component would save them a lot of money...
it would also mean TNG could pay off their plant pretty quickly.

There is also quite an improved FOREX situation for Woojin from 2015 - KRW-.AUD
https://www.xe.com/currencycharts/?from=AUD&to=KRW&view=5Y

https://hotcopper.com.au/threads/tn....4576611/page-2?post_id=36855585#.XDRFEVUzaw5