No.
Vanadium is an extremely abundant element which makes up 150ppm of the earth's core.
The Sahara desert contains significantly more and isn't worth $60m for it's V either so don't feel bad.
Unfortunately for enormous uneconomical deposits everywhere, the value of a company is measured in DCF terms. Both are worth $0.00 as V2O5 reserves because it is uneconomical to extract this highly valuable metal until such a point that all cheaper (higher grade) options have been exhausted.
On the positive side that means Speewah might be a 2000 year asset. Of course if you sell your flow sheet to process the Sahara sands you might really have something. Just melt away the high Si content, works here so why not?
Is it worth 4.9 cent a share?, page-3
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