DYOR - Calculation on their resources if they are genuine...

DYOR - Calculation on their resources if they are genuine figure

The 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 * price

where:

• 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