Prophecy to Acquire Fourth Vanadium Project

This company isn't mucking around.  Must see a bright future for vanadium.  Not even bothering with a feasiblility study.  

http://investingnews.com/daily/reso...rth-vanadium-project-targets-production-2017/

"Prophecy Development (“Prophecy” or the “Company”) (TSXCY, OTCPKRPCF, Frankfurt:1P2N) has entered into a binding letter agreement (the “Letter Agreement”) with Fairmont Resources (“Fairmont”) to acquire the fully-permitted Buttercup Iron-Titanium-Vanadium (Fe-Ti-V) project in Quebec, Canada (the “Buttercup Project”).
Prophecy is initiating discussions with several potential dense aggregate buyers and has targeted for production to commence by the end of 2017, should commercial terms be reached with an off taker.*

*A positive production decision would not be based on a feasibility study of mineral reserves demonstrating economic and technical viability so would carry increased uncertainty and the risk of failure as to the mining method and profitability."