Ann: Concept Study Update, page-86

mvc,

""Yep all fair points, so curious now why it did not go ahead in 2012? ""

Simple answer : The vanadium price in 2012 was not high enough to make the situation economical.

You are asking the same question that I have already addressed in my previous post. Here it is again.

""Since 2012, the commodity prices have doubled. KRC have also identified a new precipitation process to produce much higher purity and more valuable products. KRC have also designed a new concentrate specification that is a courser grind (120 micron versus 45 micron) and the concentrate contains ~ 20% more metal (called mass recovery).
Large scale mining techniques have also advanced with Rio/FMG/BHP know-how and large scale engineering pricing has become much more competitive than 2011 (maybe even cheaper?).
It is my understanding that Argyle are also closing up shop next year and some cheap infrastructure like power etc may be floating around the Eastern Kimberley. Something out of left field that could prove to be very useful.""


Hopefully this answers the question you are looking for.