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.
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