Playing with numbers - Haggan value short term

The back of the envelope starts looking a bit interesting, and I've been doodling with a few numbers.
Happy for any corrections and input, but this is where I landed:

Let's just say; the latest drilling is going to move some of the inferred to M&I (why wouldn't you?).
Definitely target that high grade zone - 90 million Mt at 0.42%.
Pick a number......say it's 10% of that which is moved to M&I, circa 9 million Mt.

That's 9,000,000,000 kg of ore with 4.2g of pure V2O5 per kg.
There's 37,800,000 kg of V2O5
Let's say Vanadium Pentoxide is $US 5/kg for arguments sake. I know it's been higher, but maybe it should be lower for the long term.

That's a value of USD 189,000,000 divided by say 1.2 billion shares, give or take.

I arrive at a value add of 15.75c per share.

I can't help but feel like the next six months could be huge for all shareholders here.