Originally Posted by
upside_umop
Gidday JB,
I originally bought IRC for it's vanadium resource many years ago (8 years ago?) but sold as I wasn't patient enough and after they disposed 75% of the project for a few million in free carry.
I have bought into some AVL recently but sitting on a loss - it was spec buy so not too worried and may buy more if they continue to progress. AVL put out a PFS for their project with:
- NPV of $1.1b at $13lb
- Capex of $360m
Unfortunately, the capex of $360m was too much to swallow for the market with AVL's market cap of c. $100m at the time and didn't react too well. Still, it was a lot better than KRC coming out with a capex estimate of $2.0b to $2.5b!!
AVL's NPV increased to $2.4b with a Vanadium price of $20lb....imagine what it would be with a current >$30 a pound.