'In addition to the uranium, YRR holds over 37m tonnes of Vanadium at 0.75% (JORC graded) = 283,000 tonnes of Vanadium. Do the sums at about US$6-8 per lb for V. 2,204 lbs per tonne.'
So let me get this straight....
US$6 x 2204 x 283,000 = US$3,742,392,000
$3.7bill dollars US in vanadium and the company who owns 75% of this is sitting at $24mill marketcap (AUS)?
Or have I calculated incorrecty?
GPN
greater pacific gold limited
6 per cent . royalty agreement with monarch :mon, page-2
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