HC Wainright reaffirms C$5.10 target“We maintain our Buy rating and our per share PT of C$5.10. Our valuation remains based on a DCF for the Maracs Menchen Mine, utilizing a 9% discount rate. This is amid our long-term vanadium price estimate of C$17.00/lb, which is close to current spot prices, but we believe the market remains poised for additional growth.”