Vanadium news, page-3192

I understand that. At the moment there is a huge shortfall, and the difference between the cost base of say Largo and price received is massivehence why its SP is going gangbusters. Over time the big gap between price and the cost base, noting AVL is stated to be a low cost producer will make it viable for a lot of companies to enter this space (just look at how many very junior iron players emerged when iron ore prices went above US$100 per tonne and what happened to them when price fell, meaning the low cost producers always have the advantage). And that over the longer term will result in a slight correction in vanadium price is all I am saying.

Even at US$12 per pound AVL will be making a killing because I suspect its cost base is going to be quite low to its other peers, and for anyone who can enter the market in the next two years because of these high prices you would be expecting payback periods of 3 to 5 years (exactly what first movers in the lithium space are expecting). When prices come down these companies are still going to be highly profitable. The time is to get in now is what I am saying.

Anyway, pure speculation, but as a first mover I am expecting AVL to do very very well hence why I am invested here.

All IMO