When it comes to vanadium it is not just as simple as looking at the grade of the ore. It depends of the style of deposit and extraction/processing methods used.
DST Co Ltd have stated that they believe the Daejon vanadium can be produced at a cost of between US$5 to 6 and MGX Minerals believe it is a realistic option for a source of V2O5 for their proposed battery factory.
Whilst POW are currently doing pretty much nothing lately they have been contributing to 50% of costs for developing the battery and the Daejon project and they were heavily involved in the OzLinc V-KOR battery trial.
How will they pay their share of costs going forward? Good question and I am presuming that there will be a capital raising before the year is out, but they would really need to ramp up their information levels/prospects or no-one will touch it. There are other possible funding options but with the currently low vanadium price I am doubtful about alternatives.
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