Ann: Vanadium Recovery Project - Positive Cost Study Results, page-22

Rough calcs on processing 200,000 tonne per year at 4% purity assuming approx 100% recovery at $3a pound profit is approx $50 million, split between critical 50% gives us $25m ish plus we own some 17% of critical so perhaps $30m per year ish to NMT at current prices.
Should vanadium price increase by $3 pound then our take doubles to $60m yr as production costs are fixed.
Not sure if NMT have given any estimated returns in past Ann’s and the above are very rough estimates but thought I’d try guess some basic numbers using low profit of only $3 pound.
This excludes any value for the treated slag which is a saleable product once treated and should generate further income to these numbers, shoot me down if I’m talking crap only doodling, Loop.