0.3% V2O5 - puts it as one of the lowest grade primary vanadium ore bodies in the world. There's one in Brazil at 2.7%, and a typical Western Australian deposit will be between 0.5 to 0.7%. At 0.3% unless you're extracting 100% very easily no one would develop it, no one would buy it.
They'd take $500k and a 2% royalty, and they'd be doing well out of the deal. If they go near this distraction again I'll be disappointed, its not even bottom drawer, its garbage bin.
Buldania Project discussion, page-672
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