Ann: High Grade Vanadium Mineralisation Confirmed at Airijoki, page-46

see ya. thats one perspective, on one project - Koit.

yet alone, if they decide to full develop.
the highest cost in the second stage V205 is in the electric consumption.
Having a high grade feed, at the most expensive part of the plant, should compensate for additional volumes at the whole rock into concentrator imo.

remember also, that its the total dirt and rock you have to move.

While koit has between 5-10% conversion of whole rock to concentrate, think about the strip ratio.
How much dirt they need to move to access the ore ? compared to say TMT who have a 6-1 strip ratio is it?

So TMT have to move 6 tonnes of dirt to get 1 tonne of rock.
turn that around, thats a 1 for 6 handicap to start with.

Everything is considered in the overall economics, either this DSO concentrate , or full development
Also the infrastructure advantage , for logistics.

Some sellers want to leave without the scoping study, or without even consideration of what the overall economics of full development alternative in the conventional route might entail with its location and 1/3 cost of power advantage. Or the results of multiple assets under exploration.

Good luck.