effects of the recession on vanadium

Hello.

I haven't been participating on this forum for some time as it has been troll city.

However, I found a report from Stratcor that some of you may find interesting. It was presented back in March at a conference in Hong Kong and should provide some good material for discussion. We are of course buoyed by the last sentence on page 18 of the presentation.

Further to this, in the time since this report was published the vanadium price has bounced significantly with trades reported to be going through in Europe above US$27/kg as of this week. The 10-year average price for FeV is US$30/kg - at which we have forecast EBITDA from Barrambie of AUD$105m.

Here is the link: http://cli.gs/jm2NSz

regards
simon