Ann: Moody's Rating Review , page-6

So sad seeing it all go wrong after the WVL debacle but reall y nothing changed. Investment in the project to date by all owners must be nudging $800 million. The place is cursed by a terrible deposit.

Either MM led you up the garden path, or he's not the sharpest tool in the shed, or a bit of both. Either way it's got the look of the titanic about it. The whole vanadium industry is set up to prevent new entrants. It would take an exceptional deposit and an exceptional company to get a foot in the door - I suspect windimurra and Atlantic fail to cut the mustard on either front.