You're correct, but we need to hit $0.95 per share to have an equivalent MC per tonne of vanadium resource according to my numbers.
The PFS was based on a maximum processing rate of 1.9Mtpa which is a 63 year mine life, so resource size will not result in AVLs project economics being any more favourable than ours IMO (aside from the fact that we have only used the probable ore reserve at this stage - this will be updated when the resource is further defined).
TMT Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
