It is also worth noting that AVL initially, and now TMT have...

It is also worth noting that AVL initially, and now TMT have been working this ground for many years due to being World class, and Vince over next door was pushing VRB technology long before 99.9% of the market were even aware of Vanadium. Let alone it's potential use as a battery metal.
Last year was the year of Vanadium and changed the whole picture. Many new companies jumped into finding V deposits (similar to Cobalt before that), and at $35per pound, any site looked like a world class deposit.
Fast forward back to reality a bit, and a lot of newish Vanadium projects should be looked at under a finer magnifying glass to see if they really stack up and make as much economic sense as they boasted of 6 Months ago.

Then go back to our comparison to TMT and even after some Vanadium fever, we are STILL top of class.
The market has gone back to ignoring vanadium, so for me it's time to load up on exposure to one of the best near term development projects while everyone is back questioning whether money can be made from mining this stuff.
The answer may not be as clear for many other deposits, but I believe this reaource has ticked all the boxes, and most primed to take advantage of the supply/demand picture over the next 10 years.

Good deposits always rise to the top eventually, but if you can buy them at the price of any old thing when no one cares about them, that's the winning plan.
And generally the only investment strategy that has made me money with the least worry.