I expect to see this hit mid to high 20's prior to next major capital raising.
While it's a great ore body, there is still a significant volume of work to do and capital to be spent before any mining happens.
Time and time again I've seen the same thing play out, there are some handy charts around showing the life cycle of a small mining company from exploration through to depletion of resource.
I believe TMT has entered the feasibility zone as per the well known (and often posted) chart below.
Not predicting a time frame, just believe it will happen.
Certainly not trying to bait anyone, just pointing out that the current share price may well retract a little before ultimate success.
Not a big deal if your a long term holder but frustrating if your investments are measured in months not years.
I personally believe the project is extremely robust, management solid and Vanadium fundamentals looking good and TMT will be ultimately successful, however am looking for and expecting a better entry price.
Regards
Jules.
TMT Price at posting:
40.0¢ Sentiment: Hold Disclosure: Not Held