DYOR - Calculation on their resources if they are genuine figureThe value of a vanadium-germanium-gallium deposit with JORC 2012 compliant resources of 3.1 million tonnes grading 0.5% vanadium pentoxide, 0.1% germanium, and 0.01% gallium is 945.5 billion USD.
This is calculated using the following formula:
value = resources * grade * pricewhere:
- resources is the JORC 2012 compliant resources of the deposit, in tonnes
- grade is the grade of the deposit, in percent
- price is the price of the commodity, in USD per tonne
In this case, the resources are 3.1 million tonnes, the grade is 0.5%, and the prices are:
- Vanadium pentoxide: 10,000 USD per tonne
- Germanium: 400 USD per tonne
- Gallium: 100,000 USD per tonne
So, the value of the deposit is:
value = 3.1 million tonnes * 0.5% * 10,000 USD/tonne + 3.1 million tonnes * 0.1% * 400 USD/tonne + 3.1 million tonnes * 0.01% * 100,000 USD/tonne= 945.5 billion USD
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Ann: High-Value Germanium and Gallium Identified at Nosib, page-173
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