Ok Oz Bermuda and Marny is my thinking correct:
AVL has 90MT of highest grade vanadium.
Cost about $150M to build mine
Cost about $3000 Per tonne to mine vanadium
Price Vanadium current $20,000 per tonne ($20 per kg)
total value of AVL (our) vanadium $20,000 by 90M about $2Billion between friends
so total cost to dig it up $0.5B + inflation
current shares about 1B
price per share should be around $1 ???
Is that flawed economics? if not... forget 0.2 c or even 5 cents profits hold for the pay day.
IMHO hope the 1 cent shares stay 1 cent for a few months so i can buy a bag full.
Back of an envelope
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