Value of SRN` vanadium resource, page-2

Few things missing I think.
- We will be producing a vanadium 'concentrate' that will be ~1.4% V2o5, not 0.42% DSO;
- Hence will need to consider metallurgical recovery rates etc.
- Also the $28/lb USD price is for 98% Vanadium Pentoxide flake, not the ~1.4% product we will likely be producing so consider price penalty there.

But also don't forget to add in the value of the Titanium and Iron products at the projects.

237mt @ 25% Fe
Assume mass yield to iron concentrate of 37.5%, recovery of 80% for final product grading 62% Fe.
237,000,000*0.375*0.8 = 71,100,000 tonnes * $71/t (Platts 62%) = $5,048,100,000 USD

Also don't forget 237mt @ 5% Ti (conservative avg of Unaly Hill and Victory Bore)
- Very substantial valuation no doubt but I'm too lazy to crunch the numbers lol

Pls correct me if any mistakes.