Time to confirm what we know and make a few assumptions.
The coy says it will produce 220,000 t of graphite in its first year of operation (2015).
Lets assume this represents a 90% recovery from ore graded at 10.2% therefore the total ore mined would be approx. 2.5MT
This would be at .23%V2O5
Lets now assume we get about 90% recovery of the V2O5.
That's 5000T of vanadium at $25K per ton PLUS 220,000T of graphite at $1.5K per ton.
That's 330 MILLION for the graphite and 125Million for the vanadium. $445million in their first year.
For a mine that would probably cost perhaps 100-110million to establish (allowing 15m for a vanadium recovery line)
that is SPECTACULAR.
My sentiment is buy, but I think it should be BUY, BUY, BUY and BUY again.
Cheers
Neptune
npv, page-5
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