Just searching the internet and found this regarding another resource of vanadium dated 2007.
http://www.primeminerals.com.au/barrambie.asp
extract "This resource estimate (at .49%) is largely based on percussion drilling by Ferrovanadium Corp NL
completed between 1968 and 1972. Pre-feasibility results indicate that at an ore throughput of 2 million tonnes per annum, producing 20 million pounds per annum of V2O5, Reed’s project has a Net Present Value of A$379 million."
Seems MXR has a load more Vanadium than Barrambie at better concentrations. Can the experts please enlighten me on the error of my ways........
vanadium , page-6
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