what's it worth?, page-8

well they are expecting to be at 100% production in mid 2012.. and the plant is rated at 6300 tones per annum..

now saying the plant runs at 100% efficiency and the price per tonne of vanadium hovering around $30USD ... well that number is large...

with Atlantic Resources being the only producer of vanadium in australia at the moment and also with an estimated 1 million tones of iron ore as a bi-product ... I'd say they would be in a VERY good position IF they are at full capacity by mid 2013 ...

Thats why i think they are worth something.