In Ground Value, which you seem capable of calculating quite easily for the vanadium-iron mineralisation, is ignorant of the cost of production. its pretty easy to multiply $64.50 x 7.5M.
Estimating the recoverable cost requires knowing the rest of the equation, namely mining, milling, processing, treatment, debt, equity, royalties, etc, etc, etc...
Best guess: $160M recoverable which gives a healthy producer margin of 30%.
MXR Price at posting:
10.4¢ Sentiment: None Disclosure: Not Held
