Ann: Caula Project - Maiden Vanadium Mineral Resource, page-8

Total contained V2O5 of 81,600 tonnes (~180 Mlb) • Current V2O5 price is of US$18.50/lb (US$40,500/tonne) (98% V2O5) • Substantial scope for further growth in the Vanadium Resource through exploration • Chinese vanadium demand jumped 15% in May 2018 from April as steel mills prepared to switch to making higher-strength steel1 • 3,000t of vanadium used in batteries in 2017, twice as much as reported in 20161 • Following the merger of Mustang’s ruby project with Fura, Mustang now ideally positioned to become a leading vanadium and graphite company

By my calculations that is an in ground $3.2Billion Venadium resource
Now get this MUS show on the road
GLAH's