Ann: Company Presentation - Mines and Money Hong , page-11

re: Ann: Company Presentation - Mines and Mon... Fly, your question got me curious about the Vanadium so i've done a quick bit of research.

From PEN's website:
Table 4: Vanadium Resource - June 2011
Measured V2O5 = 968,973lbs

From Minor Metals website: http://www.minormetals.com/
Current Vanadium Pentoxide = $4.50/bs to $5.50/lb.

So that values the V2O5 in the ground at say $5/lb = ~$4.8m.

But, they've got ~42mlbs U in the ground at today's spot price of $51/lb = $2142m.

So the V2O5 value pales into insignificance: $2142m of U vs $4.8m of V2O5?