Hi Contraindicator, the Company announcedback in Dec 2013, several models for developing Haggan, with a capex ranging from $150m - $540m, depending on scale and production. This was based on a uranium mine with Nickel and Moly credits. The Vanadium which has gone up over 400% in the last two years alone, was not really considered at the time. The Vanadium has now dwarfed the other elements in the valuation equation, so a new study has been called for to determine the capex and opex of producing the more valuable battery metals. This study should confirm we are sitting on a world class project of immense value.
http://www.auraenergy.com.au/invest...ct Scoping Study Remodelled December 2013.pdf
AEE Vanadium $$$ Part 2, page-84
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