Wax, good site for learning about V.

- According to the site world production is some 60,000 tonnes of which only 5% comes from the US and Canada. Unless I made a boo boo in my math, $30,000/tonne, for the sake of illustration, would yield $1.8 B market which is relatively small compared to other metals (5% for North America is 1.800 B x 0.05 = $90M is tiny). If $10,000/tonne is use then all numbers will scale down by a factor of 3... resulting in $600M and $30M which are too small for serious consideration in the big picture.

- Another way to look at V value is to use the Magpie example, from Lethal post pasted below.

"Magpie in situ value assuming 1 billion tonnes of ore;

Titanium- - 1 billion x 11%=110 million tonnes x $3770/tonne=$414 billion

Iron- -1 billion x 42%=420 million tonnes x $150/tonnes=$63 Billion

Vanadium-- 1 billion tonnes x 0.18%=1.8 million tonnes x 13,780/tonne=$24.8 billion

So in situ Magpie is worth $500 billion."

Let's double the grade from 0.18% to 0.36% (to be in the range of the 2009 Magpie report mentioned above). This would yield approx $50M in-situe value for V compared to a much larger number for Ti (V would be less than 10% of the total value of the deposit).

Unless the high V grade would help producing significantly valuable Fe products that can rival the value of Ti then I would tend to put V and Fe in the "gravy" category for Magpie.

My opinion only.

goldhunter