With V205 currently @ US$25/kg 2014 scoping study figures work very neatly in 2022. Verner recently reiterated 5ktpa inline with scoping study during FY21 report. It was very noticeable that Balama is no long just Balama but Balama Graphite and Balama Vanadium respectively, vanadium production for Syrah is now a matter of when and not if.
Graphite Price, page-756
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