LIGHT AT END OF TUNNEL???Been a long and dark ride with clumsy execution on mining and sales sides for endless quarters. Dead bodies started to show up with V price pullback. Concerns mounted on available cash and liquidity. Have they finally turned the corner??
If the sales team headed by Mr. Notorious can finally figure out how to sell premium priced product into the US and other markets and not be afraid of their own shadow, this company might just have a chance.
The core asset is one of the best V ore bodies in the world, and fundamentally is worth at least 3x the current value. If ilmenite gets up and running and FeV can be sold in volumes it should be sold into US then value should double from here using a average cycle V price. Anything on battery side would be gravy. V is a global market so the more V going to batteries, even in China, the less V available out there. Asset is easily worth $700mm in the right hands.