Ann: Heated vat leach of run-of-mine material, page-27

Good to hear from you @possum2 I hope all is well.

There's a lot to take in with today's announcement but from what I can see the numbers are really illustrating the viability of this sulphuric leaching method.

Extraction and recoveries from concentrate are yielding very positive results, however (and If I'm reading things correctly), it is to my understanding that the use of lump ore will be the ideal for KRR as it means that we will bypass the need to concentrate our ore and thus will not require fine grinding or a magnetic separation circuit.

This will result in the most significant reductions to overall capital expenditure. My anticipation is building once again. We've weather the storm over the past few months, the vanadium spot price has stopped falling and has in fact risen over the past few consecutive days. 

Always assuring to think ahead and be thankful for the +$40m cash runway Tony has secured for us come 2020, whilst holding onto our free bonus options.

To those mentioning/awaiting a JV agreement/partner announcement must ask themselves if they are prepared to accept a deal that could be potentially extremely dilutive to both the company and their respective holding. Go take a look at the kind of finance that TNG are currently in the process of securing. There may be no need for KRR to partner with anyone.

Anyway just my ramblings cheers