Ann: Speewah Vanadium Study, page-19

Agree tcf but no so fast, Vanadium probably got this SPP over the line but Vanadium price is gathering momentum and KRC like TNG went down the path of working with the likes of SMS and another Canadian outfit to get a process for low cost production of high purity V plus Titanium the real kicker for a very low cost. TNG has TIVAN and can produce V205 99.5%+ for $2.50 /lb so that will always be in the money. This from a resource with only 0.28% V. This process with as SMS says will "Disrupt" the market. Well that's my view anyway so we stay with gold but V / Ti still on the table. TNG's refinery will be in Darwin so I imagine trucking from mine south of Kununara would not be a biggy. For a license fee for TIVAN they could unlock a 100 Year 4.7 billion tonne Vanadium / Titanium mine.