From the MLD & KORID joint venture signing video it was indicated by KORID's representative that the extraction licence will be granted and the cost of production of vanadium at Daejon would be between US$5 and US$6 per pound.
http://www.ds-t.co.kr/sub_k.html?menu=15&id=dst&code=20181217_154156_46198&o_mode=view&o_seq=22
V2O5 spot price is currently US$6.60 per pound in China or US$5.95 per pound in Europe.
Ann: Daejon Extraction License Application Submitted, page-87
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