urbanization of emerging economies..., page-22

Falcon

$23US???

I was of the belief that we are selling all our FeV to the US market.

If you go to the "Vanadium Price" on Atlantic's website, the chart shows the FeV prices at around 13.35US$/lb at the end of January. That's equivalent to $29.37US/kg.

Now if you click on the chart, it will take you to the Metal Pages website with charts updated to 14/2/2012. This is the chart I lifted, and as you can see, FeV has been rising during Feb - currently trading at 30.25US$/kg.

Using your 900t base, that would add an additional revenue of US$6.5m.