BGL did a CR in Nov at 34c which was a discount to the SP. The SP is now 62c which is approx 90% higher.
The company is similar to TMT in that the price of the resource is increasing and they are both increasing their reserves, they also do not have production facilities yet.
TMT has an advantage in that the demand for vandium will increase due to the increase in EV production.
Vanadium also has an advantage over lithium in that Vanadium lasts a lot longer than lithium which makes it suitable for storing energy from solar/wind power plants and homes.
This is the resource of the future and TMT has heaps of it!!
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TMT Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
