bigger than Nova 60.4Mt @ 0.98% V2O5, 11.40% TiO2 and 42.15% Fe

First of all , one sentence is enough:  
Current Price of V2O5 approx. expected to double by 2017

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　Near term Target price:
V2O5 price of US$20,305/tonne (> 95% grade)
 TiO2 price of US$400/tonne (> 55% grade)
 Fe2O3 price of US$200/tonne (> 95% grade)

As at 7th June 2015, Nickel price is nearly same as V2O5!  ie

Value of 1%Ni=1%V2O5

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Nova :

[email protected]% Ni
0.9% Cu for 325 kt Ni​

and 134 kt Cu
CAPEX:$440M

YRR:
60.4Mt @ 0.98% V2O5, 11.40% TiO2 and 42.15% Fe
for 590Kt V2O5  6Million Ton TiO2, 20Mt FE
YRR's CAPEX $230m = half of Nova's

At the moment: 60.4Mt @ 0.98% V2O5 has same value as 60.4Mt @ 1% Nickel   = 600Kt Nickel metal
In place value = 2*Nova's

Should V2O5 price double...in 2017

YRR's resource in place value = 4*Nova ,  60.4Mt @ 0.98% V2O5 has same value as 60.4Mt @ 2% Nickel   

Market valuation for Nova as at 7th June: A$1.8billion

My comment : Different Metal and in different sectors, however price is exactly the same at the moment, so definitely it's comparable.  1%Ni or 2%Ni , high grade or low grade,  cost is the key!

Nova: I reckon the final cost for the Nickel produced is USD$ 2.0-2.3/lb VS USD$ 5.8/lb (product) = 120%profit
YRR: the company calculated: cost for the V2O5 produced is A$3.29/lb   VS AUD$ 8.0/lb(product)=  142%profit

My conclusion:

In many aspects, resource value; world class scale, mining life, **anintha has  higher potential, or much bigger than Nova!