yes, its .5% of vanadium at 200 million tons, its not all pure vanadium...but we are still in the 10's of billions... i come up with around 18 BILLION worth of vanadium at 7 bucks a lb assuming 225 million tonnes (tonnes > ton by the way)... (and we likely have far more than 225 million tons of vanadium).. with only 100 million shares out that is a staggering amount of minerals per share... do the math. (180 bucks per share of vanadium) with the people in management here this is as close to a slam dunk as you are going to find out there