Phenom Resources Corp Com V.FVAN

Primary Symbol: FVANF

Metals & Mining Industrial Metals & Minerals

First Vanadium Corp is a Canada based exploration company which is engaged in the acquisition, exploration, and evaluation of mineral properties. The company's exploration projects include Carlin Vanadium Properties and West Jerome properties. Its operations are limited to a single industry segment, being the acquisition, exploration and development of mineral properties.

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Comment by RetailSuckeron Mar 08, 2019 8:44am

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Post# 29460020

RE:RE:RE:RE:Boom!

damapik wrote: "...what frustrates me is that it appears the PFS won't be out until Q42019 which is too slow in my opinion, also capital and processing costs need to get finalized asap".

exactly,

FVAN can expect slow "suffocation" as smart money gets out first before detailed MET and eventual PEA results come. (we experienced recently a first "convulsion" ..albeit with good opportunities for traders:)).

I recall, First Vanadium is a deposit associated with a zinc deposit (sphalerite).
This means only one option: an autoclave treatment as they have to deal with the sulfide associated with the ore, so they will have to build an oxygen plant and their process will probably go at around 350°C. They can’t go much lower because they then have to worry about sulfur formation (This means roaster of 200C not likely to work).

First Vanadium is using “new, untried technology” as no one has ever used autoclaving to process vanadium ore that can run beyond $350 million (capex) with all the air pollution controls required in Nevada ( serious permitting risks).

The difference is that the Prophecy's Gibellini plant and process ( heap leaching) will be a fraction of the First Vanadium costs.. and without any permitting risks.