Vanadium Peers- TMT AVL KRC POW TNG, page-83

I am long here but it is becoming increasingly frustrating when other vanadium plays are surging ahead in terms of market cap and even with the CR tmt is less than it was after the resource upgrade when it hit 46c.

We can argue the peers are overvalued and tmt is undervalued until we are all blue in the face but I’m more interested how we get TMT to close the gap in market cap with its peers. I’m hoping the next metallurgy results will help kick start a rerate and some sustained buying.