Vanadium in 2019, page-90

Tend to agree.

Just to put down my view as well, what I would prefer AVL do is focus on entering the market in the now targeting steel.  Obviously that means produce 98% min grade V205.

In terms of batteries, they can deal with producing electrolyte (min 99.5%) afterwards, as the electrolyte facility can either i.) be a bolt on to the proposed facility at minesite or ii.) be developed offsite (closer to Perth).  Personally, whilst I understand VA likes his batteries at times I think he spends too much  time on battery presentations etc (and yes I know many will disagree with me here) rather than on the main game been target steel first where over 85% of vanadium demand is on steel.  I recognise the SS and PFS are focusing on steel as well but sometimes when I look at the AVL twitter page I see too much focus on batteries which might be giving me this false perspective on that AVL is focusing too much on batteries supply.  And if my view is incorrect, I apologise in advance.

The key focus for me is the need for AVL to ensure the now 2022 production start date is achieved (earlier if possible, say 2021), with no more shifting in proposed start date, which means focusing on the approval and environmental processes and seeking to get equity for Offtake Agreements (with prospective buyers and/or deriving the strategy for funding.  And obviously concurrent with this is doing the DFS to + or - minus 10%.  In other words this should be the predominant focus of VA in 2019, with battery strategies taking up less than 10% of his time IMO. 

I presume given WinWin's needs no longer align with AVL's proposed production start date I suspect the MOU we have with it is unlikely to lead to a binding agreement to underpin the 2022 start date so need to look elsewhere.   What will impact AVL's ability to enter the market in 2022  is if others fill the demand gap void due to our own delays.  Obviously I see the market outlook having scope for AVL to enter production in 2022 but further delays may reduce that scope hence the need to enter the market in the required timeframes be the priority.  Refer: Post #: 36982141 and this was the article I was referring to https://smallcaps.com.au/china-new-vanadium-steel-rebar-standards/

Entering the supply for the steel market should be the primary focus here and that has been my view for some time. Expanding into batteries comes after that (and certainly been distracted in other tenements like uranium IMO is a concern if done in 2019 or 2020).
Refer:
Post #: 33945798
Post #: 36595156
Post #: 36911125

All IMO