"For me, if they can achieve this. Well, id be quietly confident we will eventually get an offtake. Because realistically, why wouldn't we?! We'd be the next best deposit for V on the damn planet. As far as I'm aware anyways."
Here's the catch:
There is more than enough in ground resource to supply the planets steel industry multiple times over for millennia. Bulk commodity industries (like steel) require consistency with their input materials, so why would they risk going to a different raw material supplier? Largo is building another plant to supply the world and they will still have decades of resource remaining. The steel industry will only ever use a small quantity of the planets available resource and a game changer of VRFBs is needed... so where is the Elon Musk moment for vanadium? Without our musk moment, we're dead in the water.
Unless we get an Elon Musk moment, our vanadium is going to remain in the ground. The chart tells the story, it's been obvious for months now, the steel mills are the price setters and will decide who is to supply them. They can cause the price to run by increasing demand. This, in turn, causes all the vanadium hopefuls to dust off their exploration folders and crunch the numbers. The mills then decide who they will use. Looking at the charts it's sorta obvious that they decided months ago.
The "delayed" PFS is probably just a money grab from option conversion.
Good luck to everyone. I'm selling my meagre holding into the inevitable opening rise and I'll consider buying when they're back under 1c.
Make whatever up/down ramper comment you want. I'm not interested in nonsense, only well rationed debate.
(20min delay)
