Pinetree,Don't get too carried away with that report.Vanadium...

Pinetree,
Don't get too carried away with that report.

Vanadium battery demand is currently insignificant and the metal market is not the large either although that is partly due to the cost of production.

This is a TiO2 project with some handy vanadium credits, given that the target is very pure battery grade product.
But having said that one of the chief problems holding back the Uni of NSW V battery was the price of vanadium. The developer did also produce a small V battery for gold carts etc that apparently worked well but costs seemed to kill it.

Here we have something relatively rare:
- an excpetionally big deposit which may allow a V battery industry to develop over a prolonged period with steady or declining costs
- a process method which has been trialled already
- process costs which can be offset against three revenue streams with solid to possiblly very robust margins.