Hopefully these two posts help you - you need to look at it from...

Hopefully these two posts help you - you need to look at it from a 'continuous charge' process because it would not be viable to have 10 tonnes vanadium or each 1 MWh, when wholesale prices for electricity are less than $500 per MWh IMO - https://gobulk.com.au/australian-electricity-prices/:

Below provides what I think is been said on the maths side of things:
Post #: 37244924
Post #: 38125358

Ultimately, it is about the vanadium price here to drive project viability - took a tax loss here not long ago, but do intend to return when I see prices uptick, and hoping TMT's announcement is the start of a resurgence in vanadium in Australia. Still struggling to understand why V205 prices are still so low given the 'new' rebar standards just not that long ago, but still have an interest in seeing what happens to AVL (given I had the stock for some time). Will be interesting later this month impact on V205 prices given Largo will no longer be selling its product through Glencore, so will be interesting if that has an upward effect on V205 prices, which I hope it does btw.
Post #: 39821623
https://**promotion blocked**/Article/3890046/Glencore-offtake-for-Largo-V2O5-will-expire-April-2020.html

All the best/

All IMO