Ann: Victory Bore Unaly Hill Vanadium Project WA, page-104

Both Vanadium and Iron project will be shipped out Geraldton and potentially the processing and Iron ore credits from vanadium projects could complement each other in terms of off take agreements and stockpiling at port. A JV on both major resources could be great ( Come on Twiggy you know you want it)

Personally I think flog the gold off . Collect $2m from option conversion and do a $10m raise at 10c. Have over $20m in the bank drill the crap out of both projects and get PFS study moving pronto.

These projects will be worth minimum of $250m each by BFS and at this stage (potentially a lot more due to scale)looking at VML figures Vanadium certainly looks viable. Long term there both $1b + projects , after further dilution likely $1+ share price . Anybody converting options now is potentially sitting on a 50 bagger.

This is one of the best buys I know of right now.