Ann: Company Presentation, page-49

you have to look at the big picture play with peter wall, when the price is right, the multiples add up on the flip side.

ie, the zinc was a waste of time, the escrows were released the sp tanks , now , who gets set at the 3.7c cr ?
For what ? best commodity to back, decent projects, great locations.

IMO its a winning formula for accumulators and directors at this level to return multiples.

I'm just trying to figure where best to accumulate further.
Markets can be irrational, but at some point the best ticket in town for vanadium cant remain at a couple mill ev.

143m FP x 3c = 4.3m mc - 2.8m cash + 0.3m debt = 1.8m ev.

for mine, looking to average into the 2's

it a ridiculous price to sell at, for a seller, but that hasnt stopped them in the 3's.
As a buyer, i see value all day long, 2, 3, 4, 5, ,,,,,IMO.

Come on seller, give it away for cash backing, and i will back the truck up.