ADMINISRATION COSTS "most pressing need""Adriaan Bakker's Vanadiumcorp Resource Inc. (VRB), down one-half cent to six cents on 396,000 shares, is offering 11 million shares at six cents. The $660,000 is for "advancing the patent-pending Vanadiumcorp-Electrochem process technology, test production and operating capital." Of the three, operating capital appears to be the most pressing need as the company had barely $90,000 in working capital at the end of October. None of the cash will apparently go to the Lac Dore vanadium project near Chibougamau, which was the impetus for the company getting enthused about vanadium technology in the first place.." By Will Purcell Stockwatch Commentator