just a note on 12500 tonnes per annum, 35275 ounces to a metric tonne, each $1USD increase in the vanadium price is an extra $586m AUD before taxes royalties and other expenses, assuming we keep 65% of it (less 30% tax and 5% royalties) that’s an extra 380m a year per $1USD/lb increase.
So if we get to Troy’s $12USD/lb, suddenly that’s an extra 1.5b a year.
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