These time frames are unambitious. They seem content to spend...

These time frames are unambitious.

They seem content to spend another year burning through $$100K per week which will leave the cash balance back to selling off the family farm for less than what 1/177th of the projected crop value from one year's farming. That's only the Vanadium when there is also Iron ore & Titanium.

This is way too long. Why they weren't ready to go with an FID immediately upon the signing of the TO leading the ML is beyond me.

They just seem to be moseying along in care & maintenance mode rather than switching over to rapid expansion mode.

Hence my Xmas research.