I tend to disagree with you because history is prior to a couple...

I tend to disagree with you because history is prior to a couple of very significant events, china changed rules for steel, and grid power batteries, so a sub USD10 per lb price may not ever come around again.

Vanadium more for steel and Grid power - not cars so EV metal sector not such a big factor.   

Also the shares can be consolidated through 10:1 or even 20:1. even at a low rice issuing shares in high volume it is still just a number and ratios so no trap in that.  

bottom line the economics add up, and the PFS is showing that.