Nextsource Materials Inc (NSRCF)

[spartex]

"i come up with around 18 BILLION worth of vanadium at 7 bucks a lb assuming 225 million tonnes (tonnes > ton by the way)... "

If that 0.5% is for V2O5, then I believe there is actually twice as much vanadium (mass) per pound of V2O5, or 1% of total weight sediment. I've seen EarlyOne (link below) use $14 times the # pounds (conversion from $31 kg; just divide by 2.2 lb/kg) of extracted V2O5. So we're talking up to $30+ billion worth of vanadium in that deposit. :)

225,000,000 tons x 2000 lbs/ton x 0.01 (1% vanadium by mass) x $7/lb = 31,500,000,000, or $31.5 billion

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