You are asking for numbers, here's my attempt:"The Koitelainen...

You are asking for numbers, here's my attempt:
"The Koitelainen Project contains a historical mineral estimate of 70Mt @ 0.4% V (0.7% V2O5), 14.4% Cr and 1.1g/t Platinum Group Elements for Koitelainen UC and 15Mt @ 0.2% V (0.4 V2O5%) for Koitelainen V"

70Mt @ 0.7% V2o5 is double the grade of POW, VMC, PCY, IRC, and KRC (all about 0.35% to my knowledge), and similar to TNO, TMT and AVL (0.78-1%)

AVL's PFS has an opex of $4.13 USD per lb, and TMT $4.27. Suppose we round that up to $5, and assume a 1Mt t/put with 75% combined recovery (TMT up to 97.8%, AVL 92%) and payability. PUR could produce:

10M lbs V2o5 p/a, which at $13 (AVL's long term price) would net $80M ebitda. I think V2o5 has cracked $30 now.

Now suppose they also collect 50% of the PGEs for 17Koz p/a @ $900 oz = $15M.

I don't know if the chromite is economic, but the previous owners of the project saw it as a chromite play. It is below DSO grade afaik. It would be interesting to know if it is recoverable alongside vanadium. It trades at about $200 a ton for raw ore, which at 14.4% would have to be concentrated.

This is all based on the historical resource, which of course needs to be replicated now, and it sounds like they will be targeting high grade zones.