Resource Upgrade and Off Take, page-18

So you asked for it here it is.



Research report from Nabtrade has TMT valued at 80 cents (top line). I have photos of my phone and I have stated previously there was a gap up on the sell side from 46 cents to 82 -84 cents. Hence why I was saying that price range initially. If it is a real person trading or a bot someone thinks that the 80 cent range was the next gap. They could of easily sold lower. At this time the sell side has been under $$150k total which easily could be bought up by anyone and reached that price in a matter of days. With such positive news to come it cannot be ruled out. Currently 540k shares.





Technology metals according to this report is valued at 1.1 billion to 1.6 billion based on a 16 - 20 US/lb vanadium price pending tax and cost structures of approx 5 per pound being conservative.

If I used the MC of 1.2 billion at $16.00 / pound / number of shares on issue.

(Only possible if V keeps going north on a re rate scenario)

1.2 billion / 70 million (current shares on issue according to nab trade = $17.14 dollar SP

If we were to reach that conservative estimate and raised at that price which is unlikely but this is an argument. 

500million for opex  / $17.14 SP based on 1.2 billion valuation. = 29.56 million shares.


In Summary:

- I was saying 84 cents on news of a resource upgrade.

- 1.2 billion plus based on a fully funded offtake.

- resulant SP = based on a few variables of $5.00 - $10.00 looks conservative.

PS GO SMELL YOUR MUM