RE:RE:RE:Is V the new Li?Hey Summerhill. This valuation says 1.79 million tons:
Million metric tonnes = 263.24 = Fe2O3 ($141.10 CAD metric tonne 31 May 2012)
Million metric tonnes = 260.73 = Fe2O3 after deduction for Ferro Chrome and Ferro Vanadium
Million metric tonnes = 251.01 = Fe2O3 after additional deduction for Ferro Titanium
Million metric tonnes = 48.58 = TiO2 ($15,100 CAD metric tonne 1 June 2012)
Million metric tonnes = 64.77 = Ferro Titanium ($7,600.50 CAD metric tonne 2 July 2012)
Million metric tonnes = 11.23 = Cr2O3
Million metric tonnes = 14.97 = Ferro Chrome ($2,786.53 CAD metric tonne 2 July 2012)
Million metric tonnes = 1.34 = V2O5
Million metric tonnes = 1.79 = Ferro Vanadium ($25,580 CAD metric tonne 2 July 2012)
Scenario #1 = Sell Titanium as Ti02
$36,789,003,000 (260.73 million metric tonnes x $141.10 market price) = Fe2O3
$733,558,000,000 (48.58 million metric tonnes x $15,100 market price) = TiO2
$41,714,354,100 (14.97 million metric tonnes x $2,786.53 market price) = Ferro Chrome
$45,788,200,000 (1.79 million metric tonnes x $25,580 market price) = Ferro Vanadium
Total = $857,849,557,100 Market Price