TNG appoints German giant for vanadium study, page-11

TheMining Lease (ML) is not dependent on the MMP.  It's the Authority to Minewhich is dependent on the MMP.

All ofthe requirements for the ML have been completed and waiting for the NT Ministerto sign.  It could be any day now.

Once issued I'm hoping it's really game on and even better game over not long afterthat! 

(Althoughthe NT Minister for Minister for Environment and Natural Resources (EvaLawler) is currently on personal leave after the death of herhusband.  Lauren Moss is the acting Minister.   Plus Gunnerflying to Japan soon ... I guess he might want to be around for the photo shoot... 

http://newsroom.nt.gov.au/mediaRelease/27314

http://newsroom.nt.gov.au/mediaRelease/27341) 

The onlyhold up with the MMP seems to be the water monitoring.  There is a Plan Bfor this which hopefully won't be needed.  That was the original plan for awater pipeline before the water was discovered. I can’t remember the cost, but I think it was in the order of $100 Mil?

The Nov2017 updated Feasibility Study (FS) used an Vanadium Price “of US$22,400/tonne for V2O5 (US$10.00/lb”…

*** It is now US$140,000/tonne and US$33/lb  … (Price differences across Asia and the US for some reason?)

Anyone care to take a stab a what an updated FS would look like today?

I bet Germany banks or potential takeover bidders have done the numbers!

So I can't see the worst case of another $100 Mil for a water pipeline being a showstopper!