Another close to surface shale project in the USA with 0.3 per cent vanadium. I don't know how comparable these numbers are but in this case the breakeven price is expected to be US $7.76 dollars per pound.
https://www.prophecydev.com/PCY_Oct11.18.pdf
Highlights of PEA (after tax)
Average annual production 9.65 million lbs V2O5
Average V2O5 selling price $12.73 per lb
Operating cash cost $4.77 per lb V2O5
All-in sustaining costs (AISC) * $6.28 per lb V2O5
Breakeven price** $7.76 per lb V2O5
Capex including 25% contingency $116.76 million
Strip ratio 0.17 waste to leach material
Mining operating rate per year 3.4 million tons V2O5 heap leach
recovery rate 62%
Life of mine 13.5 years
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