DV,Im not sure where you are coming from. The reported values...

DV,

Im not sure where you are coming from. The reported values are not gossip. These are the values as reported in YRR disclosure document:

To date only 8 km of the strike length has been tested, with approximately 4.2 km remaining to be drilled. For the strike length of 8 km tested, the resource statement of vanadiferous magnetite using the lower cut-off grades of 0.4% V2O5 for the oxidized and 0.8% V2O5 for the unoxidized resource, is comprised of:
Oxidized 20,638,000 tonnes at 0.49% V2O5
Unoxidized 17,021,000 tonnes at 1.05% V2O5
Total 37,659,000 tonnes at 0.75% V2O5

Extrapolate that out and add some for remaining drilling. The question remains, much of the initial results were available in the 60s. Why in 2007 have these still not been mined? GPN drilled in 2000 but left it by the wayside until the recent resource boom. Why? Vanadium prices? If it's viable now but wasn't then, what is the real profit margin. Maybe not too high. Vanadium prices are generally believed to have peaked, as vanadium is a by-product of uranium mining, vanadium may become very plentiful in the future as uranium is ramped up.

As for GPN shareprice, again, if it is economically viable it depends on how viable, throughput, ownership by GPN etc etc. I'm not sure which part you don't undertand but on current information available it is not possible to value GPN based on the vanadium deposit.