Let's go back to talking about Rubies, page-16

Obviously history is not their friend, but i think if you can look at the current project for what it is then NXE represents very good value at these levels. Vanadium is going to be very much in demand when you consider that redox batteries are basically going to be replacing current power stations across the planet, with China ( of course) starting the trend with Rongke Power in the Dalian province building the largest Vanadium redox flow battery (VRFB) in the world, an 800MWh monster, while in Hebei province Pu Neng Energy is building a 500MWh version. You add that to the fact that Vanadium (V2O5) price has more than tripled over the last year and you get to see a very different picture for the company than when they were in rubies.

As i said once they work through a few legacy issues, the history of the company being one of them, this story is ready to go.