Chart, page-52

I guess we have to wait for the final scoping report for Airijoki in April.

I would be interested in the detail of the feasibility report and the assumptions around real the $ margins.

"The Resource totals 44.3 million tonnes,containing 5.9 million tonnes of magnetite @ 1.7% V2O5 (in magnetite concentrate), for100,800 tonnes of V2O5 based on 13.3% mass recovery of magnetite concentrate and a cutoffof 0.7% V."

If the initial results are anything to go by then 100,800T x $41,500 per tonne (from the report) = $4,183,200,000
or more conservatively 100,8000 x $26,500 p/tonne (around Apr 18 USD $15 per lb) = $2,671,200,000 (still seems like a BF number)

This of course do not take into consideration costs nor the maximum practical rate of extraction.

Lastly, since it is Friday evening and we've all had a hard day here's something for you to ponder about while you have your glass of scotch or wine.

PUR is in the region of Thor's homeland where the great "Thor's hammer" originated. So of course there is an abundance of Vanadium!

So what do we know about the Vanadium & Thor's hammer?
* Vanadium is used to strengthen steel
* Vanadium has magnetic properties as well excellent for storing electrical potential energy

From this we can hypothesise:
-Thor's hammer is likely to contain Vandadium
- The area around Airijoki (Sweden), Koitelainen (Finland) , and Karhujupukka may well have an abundance of Vanadium
- We are one step closer to unravelling the secrets of Thor, the great god
- I am one step closer to needing 1 less drink