I don't think it's bad news when you consider with the vanadium credits their "targeting aspirational average life of mine all-in cash costs of US$30/lb" - we are not far off these levels. If prices move as many us think they will towards US$40/lb or more by year end then they won't have an issue raising US$100m for the restart. The U sector will be the hottest sector in town.
Now imagine US$50 or US$60 a lb and we have a full blown U bull market that will make the crypto hodlers blush.
PDN Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
