Re: What?....We have Vanadium you say....hmmm.-spot

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Tin Man II

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Re: What?....We have Vanadium you say....hmmm.-spot

in response to

Re: What?....We have Vanadium you say....hmmm.-spot

Babjak1

posted on Feb 02, 2017 10:08PM

http://norontresources.com/noront-reports-discovery-of-vanadium-mineralization-in-the-mcfaulds-lake-area/

Below is a quote from the NR given by Noront in 2009 (see above) on their Vanadium discovery provided by Babjak1:

Recent and current spot prices for flake V2O5 are in the range from USD $4.50 to $5.50/lb. The 80% vanadium ferroalloy currently sells for about USD $22 to $25/kg China FOB, down from peak prices last year in the $75 range.

Current 2017 price of V2O5 (Courtesy of Infomine) :

Ferro Vanadium

USD/kg

18.46

So, looking at this I would have to say that vanadium would have to return to the prices seen in 2008 before NOT would consider any future drilling programs to prove the Thunderbird deposit worthy of mining. Future green technology markets or off-grid (remote) electrical supply needs utilizing vanadium battery technology I guess would be the most profitable, aside from the corrosion resistance it can offer the steel industry. I personally see the energy sector being a greater driving force toward increases in the price of vanadium, with everyone continuing to looking for greener alternative sources of energy.