Vanadium One Iron Corp. VDMRF

Mt. Sorcier

[alfhope]

"In light of the robust PEA results, the Company is in the process of developing a detailed development plan and budget to determine the requirements to bring Mont Sorcier to a development decision with the completion of a formal Feasibility Study. While details are still being finalized such a program would be expected to take approximately 24 months from commencement consisting of the following key components."

So they further develope Mt. Sorcier as long as they were bought out. Big question is price . 250 Mio. would be a dream just unbelievable. 

[DarkGreen]

in a decent market 200 to 250 mill is reasonable , the aquirer would then have a 5 year payback which is really good on a 37 year mine life . Remember the deposit is still open and could be increased . One other thought the electricity they would be supplied with is from James Bay which is carbon neutral and in these green times is very important . All we need is vanadium prices to jump again and

[opagangnamstyle]

Isnt it 3 years payback once they start constructions? It is very rare to have an IRR over 40% (pre-tex) over 37 years, can't really think of another mine with that return over such a long period.  Also what is worth to mention is that this is just the initial PEA, they seem very confident to lower the CAPEX and also improve the mine with better recovery studies. They also mentioned

[DarkGreen]

Yes it is 3 years if Vanadium One develops the mine , if they are bought out you have to factor in the purchase price of the property . So thats how I arrive at the 5 year pay back with 250 mill  take out .