Value of SRN` vanadium resource, page-32

But that's not the premise for why we have purchased this stock. Personally, its the fact that there NEEDS to be new vanadium mines to start producing to supply the demand. The current price is up 800%+ from it's lows. RFB's could be HUGE in the years to come. I'm only holding options at the moment but i'd be looking at heads when i have the funds. We have a neighbor who's got a similar size deposit, same market cap and current SP but the option exercise price for srn is almost half (with similar expiry) so if this stock heads north next year there is huge upside to be had. Not saying that anything will happen but SRN seems poised to take advantage of the current market situation and the future looks bright, imo.