"Aurox acquired Balla Balla in April 2005 ans since then has...

"Aurox acquired Balla Balla in April 2005 ans since then has confirmeda a Joint Ore Reserves Committee compliant resource of 303 million tonnes grading .65% vanadium pentoxide. This represents the largest and possibly the highest garde vanadium resource in Australia."

"If the mutliple used to value Prescious Metals Australia (PMC) is applied to the cash floe model for Aurox, it implies that the companys shares should be about $4.80, well above its recent trading range".