Snuff, all I know is that the historic average price of V2O5 is closer to $ 2.50 / lb instead of 3.50 and believe this was the motive behind Xstrata's decision to get out.
Latest V2O5 price is now US$ 8 - 9 / lb and this is for minimum 98 % purity.
In this game, material with 50 % V2O5 is not worth 50 % of the pure material ( i.e. $ 4 - 4.50 / lb ) Woudl actually be closer to around 40 % of the contained content being 40% x 50 % = around $ 2 / lb.
Anyway, I do hope that PMA can make it work so as to atleast make the vanadium business more competitive. However more competition could mean lower prices ???
PMA
precious metals australia limited
