major new vanadium discovery, page-13

by far to early to define a resource but we could roughly say this:

lets take a TT of 20m average and a tonnage factor of 2.5 this works out to a multiplier of 50

if we had 100m x 100x --> 10,000m² x 50 = 500,000t x 250 US$/t = 125 mln US$.

The three target areas (with more than one drill-hole)are roughly 3km² in extension. If only 10% are covered with mineralisation this makes it 900,000m² x 50 = 45mt x 250 US$/t = 11.25 bln US$.

!!! THIS IS NOT A SERIOUS CALCULATION BUT ONLY A ROUGH EXAMPLE OF THE EXPLORATION POTENTIAL OF JERVOIS !!!

Lenni