TTC we're probably both wrong and right. If you read the first...

TTC we're probably both wrong and right. If you read the first announcement it said vanadiferous magnetite not vanadiferous gabbro. So the vanadium is in the magnetite ore in various concentrations, and the magnetite ore is in turn in the gabbro.


Vanadium can amount to 0.5-1.0% of gabbro magnetite ore, and up to 5% in ferro vanadium oxides(FeVOx). Considering that there is 20-30% (Ti)FeVOx in the gabbro-magnitite(titano) ore

So 3000 MT * 0.5/100 = 15MT

or

3000MT * 30/100* 5/100 = 45MT

How rich would you like to be?

I guess we will all have to wait until they drill and define the resource.