First of all , one sentence is enough:
Current Price of V2O5 approx. expected to double by 2017
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
Nova :
[email protected]% Niand 134 kt Cu
0.9% Cu for 325 kt Ni
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!
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- bigger than Nova 60.4Mt @ 0.98% V2O5, 11.40% TiO2 and 42.15% Fe
bigger than Nova 60.4Mt @ 0.98% V2O5, 11.40% TiO2 and 42.15% Fe
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