Ann: Exceptional Vanadium Grades Confirmed at Koitelainen Vosa, page-187

That’s another angle - monetise . They could sell the Jorc assets off for cash .

Yes the low strip ratios for koit so far mean you have to run the concentrator overtime / but with low strip ratio and then access to the ore body - the bulk dirt moved comes down a bit.

Given the smelter within trucking distance - at the end of the day it comes down to how many MT of concentrate at a saleable grade.

4-10.5mt at 2.3% target

Let’s wait for the Jorc .

So perhaps they could sell the asset / put it up for sale / while they move onto any of their other unweathered assets.

Unweathered advantage - perhaps high recovery of what’s in the concentrate ?

Looking forward to Airijoki results .

Cheap at 7m mc

And agree that 12-18c a reasonable target in peer space with safe jurisdiction for monetisation .