For those saying that the magnetite hosted vanadium will be problematic, VR8 have a deposit of this in the Bushveld and as you can see it can be very profitable.
Yes, I know I’m drawing a long bow by comparing to an advanced project and there are many other differences; Their CAPEX and OPEX will no doubt be lower, but they don’t have Ti, PGEs, Au and Cu. They have more local infrastructure, so their SRL plant can be built 35km away (perhaps one could be built in Port Headland or Darwin?). Their dip is shallower, but with only about 3km of outcropping.
