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Ann: Unlay Hill High Grade Vanadium Magnetic Concentrates Produce, page-37

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mpj7256

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04/11/18

23:44

Post #: 36386217
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Originally posted by demoniaco ↑

I was just pointing you to the direction of how to understand the FA.

I tried to understand it myself, after hours of trying to find the V2O5 drill results at the Speewah project, I found nothing. I'd love someone to show me, because it's not shown on any drill results that I've seen, nor is it on the KRC website that I could find.

I could find all the information about the tonnage and grades, but I still to this day cannot find out how deep the V2O5 resource actually is.. My suspicion is that it's extremely deep, which would justify a $2.5bn (+/- 35%) capex. As I see they've got a resource map that goes almost 600 metres deep..

We know exactly how deep the SRN resource is, we know the grades and the tonnage. It's relatively easy to estimate the CAPEX costs, there are dozens of Vanadium companies to compare to and thankfully many of them have quite similar resource sizes.

I've previously posted in SRN forums about the comparisons of market capitalisation between SRN and these other companies, and I find it comical that we are still <$10M in market cap.

I've recently added on @ 0.009 as there risk to reward is incredibly good, provided that management doesn't screw up immensely like many other junior in the ASX do.

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This is why I’m trying to accumulate trillions of options while they’re still cheap.. crazy good value if Vanadium has its day in the sun.

SRN Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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Ann: Unlay Hill High Grade Vanadium Magnetic Concentrates Produce, page-37

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Ann: Unlay Hill High Grade Vanadium Magnetic Concentrates Produce, page-37

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