from the AVL BFS more than two years agoPre-tax NPV7.5 of A$833M and equity IRR 20.6% based on US$10.50/lb V2O5 price, A$604M upfront pre-production capital excluding contingency.add contingency (otherwise its a bullshit capex estimate), then add 2 years post covid price rises (typically +50%, see LTR) = $1 billion capex Average annual vanadium production of 7 Mlbs V2O5 (11,200t) as a 99.5% V2O5 high purity flake and 900,000 dry tonnes per annum of FeTi coproduct.900ktpa of bullshit co-product FeTi, trucked 700kms. Good luck with that one ! How big is the trucking fleet and what's the fuel cost ? All IMHO, DYOR
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