i believe based on the releases, WU has 34 million pounds of vanadium. And if you google the technical reports of the Sunday, it would seem as if the Sunday produces about five pounds of vanadium for every one pound of uranium. Using 2500 ppm, this means for every one ton of ore mined, about five pounds of uranium and 25 pounds of vanadium are produced. if it costs $100 per ton of ore to mine and $10 per ton to move to White Mesa, this is $110 per ton. maybe ablating costs $10 per pound? total is $120. So when vanadium gets to about $6- $7 per pound, the uranium is mined for free. Yes, toll milling will cost another amount, hence the reason for Pinon Ridge mill. The economics are fantastic. Glasier has a winner and yet no one knows about WU. yet.
Cait
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
