RE:RE:Some thoughts Just an opinion.
They should form a 50% Joint Venture with a group consisting of Dundee, JP Morgan and VR Capital Group Ltd.
The above group would obtain the 50% JV interest after the Front End Design Study is approved and an Off Take Partner(S) are assured. DRA could handle the 50% groups part of the JV.
The price of obtaining the JV would be to surrender their shares to Energizer who will hold them in her Treasury for Energizer's part to finance possible future expansions - when required. The treasury shares will not earn an interest until -and if- they were re-issued into the markets - if needed for further expansions.
Such will cut Energizers of initial cost to put Molo into production and should enable EGZ to get a fair interest loan with help from the JV Partners.
Since the proven and probable reserves are solid the JV can easily increase annual production while converting the measured and indicated resources into further reserves. Eventually Vanadium will make its mark and add to the JV's profits.