Ann: Boardroom Radio Broadcast - Mr Paul Burton, page-46

Just wait until the vanadium hype “investors” catch onto the fact that unlike Gold or Zinc deposits, there’s so much more to these V projects than grade. 

This is an advanced project  with Tier 1 partners, a low strip ratio, economy of scale and a multi-commodity revenue steam. A project that isn’t going to become another Windamurra the minute V prices encounter headwinds. 

I can’t remember if there has been any official revision but early guidance had TIVAN producing V2O5 at approx US $2.50/lb.