Technical Insolvency ?, page-33

The talk of insolvency is total ' bunkum'
Yes the last Q'tr there was much drilling and heavy lifting..this will result in massive upgrade in size of resource..thus at the designed output of 13000tpa I expect the mine life as said in the PFS will go above 20 years
The rate of spending this Qtr will be much lower.
My requests to IP is...no SPP..before cap raising detail more on efforts on those that have recieved product for testing. No doubt there is several NDA's in place and possible MOU's  eg similar to AVL non binding WIN WIN steel coy. It is arguable that IP has set a high bar to release of this information as I would expect a better management style  to pit bankers and offtakers against each other and get a better deal.
If there is to be no SPP and I am very much against it then if you like the story dont stand back now.

Remember the raising at 30c to 708's and good funds saw a 40c price and more immediately after placement.
and once Chinese new year finishes expect a run on Vanadium. This should give impetus to mine funding with fixed range of offtake prices.

One little hidden factor is the Chinese govt future plans for VRB its massive...so stabilized V prices to be expected and flattened season steel demand.

No doubt we are in for a few surprises