Originally posted by Money made
@Yak52 I don't see a T/O offer of 60c, 80c, or $1.20c! If you say lucky for us and thanks to TB's great leadership we are certainly not in a desperate situation, so we are safe and TB has worked hard to ensure this. Why still speculate on a T/O? Where is your evidence on a T/O basis, as with other posters on this thread that have been speculating about a possible T/O of KRR.
Money made............our project is of world class significance. Vanadium is on the Strategic List of many countries. Many of the minerals also present with us are on those lists. It is probably the most significant mining "project" in play currently world wide. The various benefits of producing our own acid, electric power generation, the most optimal resource and pit design, nearby port, Native title free, unlimited mine life, likely very low OPEX, 1-2 yrs max payback on CAPEX and the fact it can be seen as being environmentally green orientated [acid/electric] puts this project at the TOP of the want list for any large miner and also Pension Funds etc. Not to mention the minerals ie: Vanadium are used in the new green EV power generation cycle and therefore very environmentally green!
How many SuperFunds want to own Coal now?
Glencore's announcement and its meaning both to the Coal Industry and the environment friendly direction it is taking says it all.
Also Glencore has pension funds as clients who have trillions of dollars to invest and they want environmentally friendly investing only.
We would not deny taking a good figure for a T/O if it was offered from a big miner etc. Or would we? I asked you this!
This project is simply just to good to be able to remain in our hands indefinitely. The reason the SP is so low is because of Retail Investors not understanding big business or what constitutes a commercially viable enterprise.
Ps. Why do you think we need a JV? Ever?
PSS. Example - Do you think a Shale Oil project [another company], that Vanadium can be extracted from will ever get off the ground here in Australia with current world views on oil and environment?
PSS. I cannot keep asking you to READ my other posts! As such I will now put a "caveat" at the bottom of all my future posts.
Yak52
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Commercial confidence restricts me saying more
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