yes, >US$10.00/lb is needed, absolutely. Just run the numbers for AVL, and don't forget to include the ballooning capex that will now be of the order of one billion dollars, as well as increased running costs post-covid which are being reported across the mining sector in AUS. And don't include a benefit of mining some massive volume (~1Mtpa) co-product like FeTi that can't be sold anywhere because of the unecomical trucking costs over the distance of ~700km to port. The V mine must be profitable on the basis of the Vanadium produced, not the V plus a bullshit co-product.
All IMHO, DYOR
AVL Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
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