Who says V isn't as sexy as it was.

Price is stabilising above its long term average which is extremely bullish for the commodity and lets not forget only 30-40% of our revenue is exposed to V.

I see other V plays have had no choice but to pivot to include base metals, not seeing much commentary from those who were boasting the pure-play offering anymore. Wonder what kind of capex will result with the inclusion of the additional circuits.

ASIAN FERRO-ALLOYS CONF: Robust demand amid supply deficit likely to boost vanadium price momentum again in 2019

Strong demand for vanadium as a result of China’s revised rebar standard is likely to boost vanadium price momentum again this year, industry speakers said at Fastmarkets’ Asian Ferro-Alloys conference in Hong Kong taking place on March 10-11.

Global vanadium production is estimated to reach 103,564 tonnes in 2019, up 14% from 90,500 tonnes in 2018, Mark Smith, chief executive officer of Largo Resources told delegates at the Hong Kong event. On the demand side, consumption is estimated to hit 105,762 tonnes in 2019, up 9% from 96,870 tonnes in the prior year, according to Smith. China will take the lead in vanadium consumption with appetite for the noble alloy rising by 18% to 52,706 tonnes in 2019, largely underpinned by the growing demand in rebar production after the Chinese government revised the minimum...


Short/medium term outlook still looks positive for V, with a structural supply deficit (only slightly) still playing out. Anything over US$10/lb should be considered quite favourable.

It's not really a great time to be investing in any juniour mining play at the moment. Conditions are rough and the market is only responding to strong shifts in fundamentals. Hopefully the PFS in the next few months lays the foundation for what's to come throughout the rest of the year.

Not much to say on the gold front, the the tenements seem exciting but there's not much to price into the current SP at the moment I don't think.