Thursday, July 12, 2007 9:08:44 AM
"1 ton [short, US] = 2 000 pounds ore x .25% avg payday content approx gives 500 pounds yellowcake and if vanadium content is 2% then 40 lbs vanadium for the mill to sell, lot of cash for the mill, of course they have costs to process the ore, and this is why they only wish to pay 240ish/ton for the ore."
1 ton [short, US] = 2 000 pounds ore x .25% avg payday content approx gives 5 pounds yellowcake and if vanadium content is 2% then 40 lbs vanadium for the mill to sell.
Makes their numbers seem much more reasonable
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