AVL 4.00% 1.2¢ australian vanadium limited

If I recall correctly, you said this would be below 2c soon. TA...

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    If I recall correctly, you said this would be below 2c soon. TA shows this is heading towards 4c. Touched 3.7 today alone. That's a 100% difference to your ubstantiated prediction. You know what? PFSs are hit and miss, generally because the figures generally exceed expectation. The market gets spooked by the capex and opex. HOWEVER, given the base-case was so conservative, I'd suspect a reduction in opex to the likes of Largo - I don't think it'll be that hard to achieve seeing it was already $4.18/lb using consevatice costings. I know this is their goal also. Additionally, you say no big buyers? Big will only likely come in after a PFS as it further de-risks the project. I am not saying a PFS will do much for the SP, but if it ticks another box I'm sure the market will catch on to that and we will see a subsequent flow - assuming it is positive. Furthermore, from what VA has told me, we have good news flow coming, and I'd suspect MM will have some information for us regarding a timeline. It's all needed to secure financing. If we so do, well .... we all know what will happen then. But what do I know? Time will tell.
 
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