Vanadis IPO, page-231

...and although the big pot of honey is Vanadium, the economics are somewhat complicated by polymetal extraction and how we deal with Uranium (let's assume the options may be open on the U front until a Swedish assessment has been completed).

Peter's strategy from explorer to hopeful producer is justifiably prudent IMO. The mining models (at least what we know so far) for Haggan and Tiris are based on measuring portions of their holdings. I think we'll see a conservative mine life model that can be scaled up as economics dictate.  It hasnt been his style to blare the trumpets based on market exuberance. It's clear to me that he's looking for the quickest inroad to cash flow and is willing to wait until the economics justify the story. All IMO of course. 

Growler, not a disparaging comment but are you researching Aura as a potential investor or sitting on the sidelines to see how this plays out?