At Least Glen core have deep pockets. Lock in 100% Production at $15.00 per pound and leave it at that.
In 5 years there will be so much vanadium production it will probs be in the $5.00-$10.00 range.
That leaves TMT valued at $2 billion valuation....with a 100 percent guarantee.
Leave out the 99.7% premium stuff for spot market and we take the profits from the higher grade stuff.
Glencore can have everything else
Similar to Largo
The big question.....financing, page-6
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