If the Haggan project was deemed profitable at $17/lb the extra $10 would be pure profit. If they were able to recover 20% of the vanadium from the 840m lb higher grade zone or 168m lbs, that equates to $1,680,000,000 from the rise in vanadium price alone. If we extract the 168m lbs over 15 years and multiply the extra revenue by a PE of merely 10, we have a share price of over $1 just based on the rise alone and very conservative numbers.
If the Haggan project was deemed profitable at $17/lb the extra...
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