Ann: Exceptional Vanadium Grades Confirmed at Koitelainen Vosa, page-148

Its interesting to read the various views put forth. Hard to see the forest for the trees at times. Whilst some have questioned the grades and recoveries, the inescapable positive facts are that the market cap by any measure ( speculative or otherwise ) is very low compared to vanadium explorer peers but more importantly, a vanadium smelter is under construction at Raahe ( company is Ferrovan Oy) in Finland. Trucking concentrate there from PUR's Finnish or even Swedish operations would seem to be no problem, excellent road infrastructure. Ore beneficiation to produce concentrate is a simple magnetic separation ( low cost) and the smelter is designed to take high iron feedstock ( and I presume therefore able to take the magnetite concentrate). Contrast this with various other vanadium ( potential) mines around the world ( in Oz, DRC, etc.... ain't no nearby vanadium smelters there that I am aware of). Right now we await the full assay results from the Finland Koitelainan drilling, and the Swedish Airijoki drilling which seem to be expected middish January, with inferred JORC's

All in all, the current price still could represent a substantial bargain