There is a big minus for GED, the resource is very small compared to other vanadium resources:
TMT:
21.6MT AT 0.9% V2O5) OUT OF GLOBAL MINERAL RESOURCE OF 119.9MT AT 0.8% V2O5
TNO:
Column 1 Column 2 Column 3 0 Tonnes (Mt) Whole Rock V2O5% V2O5% in Magnetite 1 513.3 0.78 2.09
KRC
4,712 million tonnes at 0.3% V2O5, 2% Ti and 14.7% Fe
GED
1.12 million tonnes grading 1.28% vanadium pentoxide (V2O5)
With more drilling they may extend the resource and also the value, don't know if a PFS and this stage is the right move. A big plus of the resource is that the V2O5 grades are exceptional high
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There is a big minus for GED, the resource is very small...
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