RE: Newsflow25 Jul 2018 09:40
Yes i think the reality of the income will wake people up. Its the difference between a speculative stock and one which has a solid net asset value.
Re Mokopane i think the mining charter is delaying this and is a typical political can down the road. My thoughts are for us this may mean fortune will not develop it with the high capex and longer lead time as ultimatley vanadium prices will come down as others enter the market as for lithium etc, as its not a rare element. This is why i think the focus is changing to brownfield and correctly so as this would a)enable quicker production at todays high prices and b)provide sufficently for the electrolite division which in a way would be better off with lower vanadium prices which the whole genius of fortune in setting it up in such a way to minimise the risk. Patience I think and the expected EBITDA publication and BE coming online will be what wake this up, not Mokopane.