Comparison with peers, page-9

Yes very aware of the location, right beside Bushveld, great access to all required infrastructure, reasonably mining friendly administration, cheap labour, political instability and genuine sovereign ownership risk. Lower cost, higher risk is the short summary so depends on your tolerance.

Enough profit for me from TMT cost base I expect to be $3.90 so I'll take risk off the table every day.

Thumping asset and will do well, profit to be made on a longer term, I measure it as being less profit from same starting point but long term V2O5 prices over $20 would allow a stage 2 at TNO by 2025 which could give you an extra half bag. Big if for half or 3/4 a bag and time is money. All the best.

It is, finding a deposit, striking gold so to speak... that's where the big bucks are made. In this case it was a clever bunch of brokers who structured a deal to buy a known resource from the tiny local owners... making everyone money instantly. Great deal for this group of brokers and vendors alike. Holders got an easy 5 bags too but not as much as a typical strike.

Unfortunately not many of us owned it then, it jumped from like 20c to 60c on the announcement - I bought on close of that day from memory after valuing it significantly more than the market initially did. It continued to a buck or so pretty quickly.

The big money was made by the boys on the inside. Some decent returns to the holders who sold before the split. A bag or so to those still holding.

Exploration / awareness phase is a raffle but in this case it's over, development phase is slower going but plenty to be made and with more certainty.

Good luck.