Originally posted by Propunter2
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.
Global financing rates are rising (now around 16% for mining projects with at least 30% capital, look like they 210mil capital too short) and money is in short supply. it look like this company will be doing nothing for a while. I dont think buyers will be rush into this stock anytime soon..
if it does happen will there be any profit or will the money lenders take all the cream..