I think apart from when vanadium prices exploded and it was the 'in' commodity to jump on, people obviously aren't sold on vanadium at all. If this was a copper or zinc or you name it project with the same numbers expected for DFS, then market cap would be $50 to $100m in my opinion. Closer to $100 probably.
Plus the market these days is just a population of button clickers with no patience. What is it, 95% of market players on average can't beat the S&P index, which is like 10% gains?
When you see sells at this stage at the very bottom of SP/Sentiment and only Months away from the next Chapter of the story, you can see why.
I thought a good strategy for me early on is to assume 99.9% of the market is smarter than me and wanting my money, so I have to be one step ahead and on the top of my game always. Reality,,, 99.9% of the market are a bunch of neurotic morons who probably on average can't even cover their brokerage...
Either way though, their trading will cost you.
TMT Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held