Ann: Positive metallurgical results from Richmond Vanadium Projec, page-112

Hi Bodeh,
Some big numbers in there! From the 3,865,230 tonnes of Va metal content in the ore, times the A$40,000/t, I get $154.6B of revenue. After the concentration stage there will be the downstream processing (acid leaching?) to produce a high quality V2O5, so there will be some metallurgical recoveries to apply, say 94% (KRC had 94.6% in their Feb 2012 met testwork results for an indicative 94% purity V2O5 - which they have increased to >99% purity of late). The other thing to note is there will be a conversion factor of Resources to Reserves, but in the case of our Richmond package and the large nature of the deposits, would think will be a very high conversion in the high 90's, with ore loss and dilution modifying parameters quite low.
Cheers, Maximus. IMHO.

PS - https://stocknessmonster.com/ is a good simple website I find useful to do research on ASX listed companies, particularly old releases which you can search by year (where I found the older KRC reports). A little less clunky than some of the other platforms.