Why do you always respond with high emotion (troll/dishonest etc)? Are you seeking to denigrate me and therefore dismiss my views? Every stock in HC seems to have a gatekeeper...
"68% is the recovery of the vanadium from the shale, not the purification process"
I did not say recovery = purification.
The point is when the grade is low, costs are higher. Even with low strip ratio. Perfect example is PCY v. LGO. PCY has low grade, relatively low recovery and low strip ratio. It's costs are 20% higher than LGO which has much higher grade and strip.
This is immutable. Let's stick to facts and leave emotion out of it.
Vanadis IPO, page-301
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