I saw 204koz when I read the report Jim.. but I'll take your word for it.
Even so, this is not a 'stellar' project by any means.. they are still relying on selling pyrite at really high prices (which may/may not happen) and AISC to be what they expect, however I haven't seen the full metallurgical testwork results so can't really back up their proposed recovery methods either.
it's a bit hard to say what $ they are assuming and what is reality here. Tailings recovery always proposes more challenges than people initially think.
The largest source of vanadium worldwide is in the red-mud dams of alumina refineries, yet nobody is scrambling to recover that for very good reasons.
