I think EPA approval and other permitting complete, and a pathway to development gets us to a market cap of 300m (3.4c a share on 8.61b shares)
Fully funded and mine constructed, I think vanadium is at $8USDlb, and our costs at $5.5USD/lb, 12500mtpa, at 65c exchange rate that is 147m AUD a year, of which after interest costs, maintenance costs, tax and the like I think we can keep 100m a year as free cash flow. That would value the company at around 2.5b (2b for cash flow + constructed mine and other assets at 500m).
I did a post (below) previously were I thought we could get to production with between 9-12b shares on issue.
so for my 2.5b MC at production that gets us to between 27.8c and 20.8c a share.
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