RE: Comparison....
The following paragraphs should be changed to read as those in italics.
IF a buyer planned to put Molo in at at 150,000 tonne annually sales would be $300M, at a plant cost of (150/84)162, or $289.3 million and a potential sales price of (300/0.135)0.75, or $1.67 billion for Molo alone on the JV basis.
If consideration were given to our 100% owned Vanadium Mine with potential production of 34.6M pounds of battery grade V2O5 annually from a 7,500 TPD operation that could cost from $350 million to $500 million to construct - battery grade V2O5 prices should be higher than nickel prices – and using $15 per pound of battery grade V2O5, its potential annual sales could be in the neighborhood of ~$520 million, which together with potential graphite sales of $300 million at 150,000 tonne would come to $820 million (which is higher than Sherritts sales at Ambatovy) at a total plant cost for both minerals from $639 to $789 million.
If a potebtial buyer planned to put Molo in at at 150,000 tonne annually sales would be $300M, at a plant cost of (150/84)162 x 0.75, or $217 million on the 75% JV basis and could have potential sales of (300/0.135)0.75, or $1.67 billion on the JV basis.
If consideration were given to our 100% owned Vanadium Mine with potential annual production of 34.6 million pounds of battery grade V2O5 from a 7,500 TPD operation that could cost from $350 million to $500 million to construct and using sales at $15 per pound of battery grade V2O5 potential annual sales could be in the neighborhood of ~$519 million, which together with potential graphite sales of $225 million on the Molo JV basis could come to $745 million which is greater than Sherritt's potential annual sales of $482.5 million at Ambatovy. Plant construction cost for a potential buyer of Energizer would be between $567 to $717 million and considerably less than Sherritt's cost of $2.2 billion for it's 40% interest to build Ambatovy after their $1.5 billion cost to purchase Dynatec.
Please check for your own DD