Whilst on the subject of Australian Vanadium AVL.
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I am looking at the AVL share price which has a large resource of vanadium at **anitha and the share price has doubled in a week.
1.14 billion shares price about 0.037 cents market cap about 52 million. I don't know how much cash they have. AVL will have to get money from somewhere JV or CR.
"An updated Mineral Resource at **anintha, 15th November comprises:
AVL is advancing **anintha towards feasibility and production.
The current Mineral Resource includes a distinct massive magnetite high-grade zone of 92.8 Mt at 0.96% V₂O₅, consisting of
Measured Mineral Resource of 10.2Mt at 1.06% V₂O₅,
Indicated Mineral Resource of 4.8Mt at 1.04% V₂O₅, and
Inferred Mineral Resource of 77.8Mt at 0.94% V₂O₅.
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From the Barrambie Titanium project update dated 8th November Neo metals also has vanadium.
o 71.0 metres at 34.1% TiO2 and 0.86% V2O5, from surface to end of hole
o 71.0 metres at 33.1% TiO2 and 0.69% V2O5, from surface to end of hole
o 71.0 metres at 32.4% TiO2 and 0.82% V2O5, from surface to end of hole
o 71.0 metres at 32.1% TiO2 and 0.72% V2O5, from surface to end of hole
o 71.0 metres at 32.3% TiO2 and 0.75% V2O5, from surface to end of hole
o 71.0 metres at 31.9% TiO2 and 0.59 % V2O5, from surface to end of hole
My question is does anyone know how much potential there is in Neometals vanadium producer?
I can see that NMT grades are not as good as AVL's .
Am I right in saying no study has been done on NMT's Measured indicated or inferred resource at barrambie
So how good, valuable, is NMT's Barrambie vanadium deposit or is it too early to tell?
Vanadium reflow battery storage, IMO will on a par with lithium for utility energy storage IMO. I have no shares in AVL but do in NMT .
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