Hrdwk, I am with you, let’s focus on the main game, as you put...

Hrdwk, I am with you, let’s focus on the main game, as you put it, “the muti metal play.”

”They will slowly be able to reveal more information including SIGNIFICANTLY reducing the capex and opex and further recovery of additional high value metals (my bold). 

Using the sulphuric acid route we may only need to crush the ore to 5.6mm instead of 120 microns alluded to in the SS. That would be a significant capital cost in the crusher cost and time involved. Because of the scalability and modularity kiwihiker aluded to in his post it sounds very feesable to start small or medium in size and build up to the larger capacity as we self fund our way forward to that point.

The on-site production of the sulphuric acid will create surplus energy in the form of electricity, steam and heat. A similar plant design in Canada created enough electricity from the acid production to supply the  entire minesite. Imagine the operational cost saving not having a power bill to pay.

Having the option to supply not just the sought after vanadium for China’s massive rebar industry but high purity vanadyl sulphate used to manufacture vanadium electrolyte used in the increasingly influential vanadium flow batteries, TiO2 both pigment grade and 99% high purity (jet airliners and spacecraft), iron oxide hematite, high purity alumina, magnesium oxide and pig iron. If any of these commodities price becomes soft, with some acid and leach adjustments would it be possible to make more of the commodities commanding the higher prices? I think so. Or stockpile the commodity out of fashion and sell the sexy ones. Alumina HPA is currently selling for $US442 per metric ton. The burning queson is how many tons would we get out of our 5b ton vanadium resource? I don’t know either. But I would suggest a shitload of money.

The whole spec market atm moment is on it’s hands and knees so us holders have three options. We can sell, thinking the EV market and battery market has had it’s day and will not continue to be a driving force behind those commodities any longer and things will get worse, possible, but not likely. Two, to hold and wait out the storm or three, do what someone who is now one of the wealthiest men in the world said, buy when everyone else is fearful and sell when everyone else is buying. The stock market is a place where wealth is transferred from the impatient to the patient.

stumpie