Ann: Heated vat leach of run-of-mine material, page-12

My Post from yesterday nailed it well...……..

[SS not sure but we hardly need to wait for PFS to be informed regarding possible/probable lowered Capex & Opex figures.

Any announcement on the Acid Leach tests being successful will mean this is the road we go down.

That means highly reduced Capex [far less plant needed for production] and Opex dropping to extremely low levels due to production cost being both much lower, synergies with Acid production and by product waste heat along with the CREDITS from other by mineral products.

The overall Opex could be remarkably low for the production of the Vanadium.

This figure [Opex/Capex] will be very interesting to see if it all goes this direction which seems probable.

For now chasing good news regarding the Acid Leach results will be the most important objective we have. Yak52]

Todays announcement was exactly what we needed,

it has confirmed our direction for processing,

confirmed recoveries,

confirmed managements direction,

confirmed Capex & Opex will be greatly reduced if not literally smashed! 

confirmed mine payback period will be much shorter [1-1.5yrs?]

It will be mined not stay in the ground. No question of that.

Will it be a JV, Funded by Finance or a T/O only time will tell. 

As "Stumpjump" said, it has a ridiculous market cap of under $47 Mil

How long will the SP remain down here at 0.039c??

Yak52