if the market gets smarter, it needs to ask the relevant...

if the market gets smarter, it needs to ask the relevant questions.

grade (to economics)
size (to justify capex)
jurisdiction - (mining history, stable government, permitting etc)
infrastructure (power, water, and transport, all factors in opex)
Capex.

Like many bubbles in the past, decent news flow will give many horses a run on the track.
But, it is those who can tick the above boxes, which will determine the economic and governance to attract finance to make it real development.

While there is a good dynamic to sustain higher vanadium prices, always best to be in the lower opex catagory, that has the benefit of attracting project finance, if a more moderate long term price of vanadium is reached.

At 2.5m EV, we not only stand a decent chance of a run on the track, but all those boxes to tick, could finish the race.