$6 dollars per pound Vanadium Pentoxide.
150 million tons and assume an average of .5%.
= 7.5 million tons of Vanadium.
1 ton = 2200lbs
6 x 7.5 x 1000000 x 2200
99,000x 1000000
99billion dollars
assume $4 to produce
we would have $ 33 billion dollars...US $,s
This is huge !!!!!!!
And if we are building Lighter battery powered cars we will need more vanadium...up will go the price.....
Ann: **anintha Mineral Resource , page-15
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