The Triton MAy 18 release about fast tracking the Vanadium resource provided an estimate of the contained amount of V2O5 (4.22Mt) and the article in Mining provided a price per lb of $15-$19 over the next 2-3 years.
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Column 1 0 http://www.miningnews.net/energy-minerals-news/news/1315196/vanadium-metal-watch
Just looking at the "value " that this might work out at , I calculated (at $15/lb) that 1 Tonne of V2O5 is potentially worth $139 Million.. and growing!...
With 4.22 million tonnes (at present) that amounts to $589 Billion and if mined over 25 years is an average value of $23.5 Billion per annum....QED!
Not a bad return on investment if achievable..... No wonder there is some focus on the Vanadium!
An estimate of the Vanadium Resource?
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