Vanadium Credit's Revenue should be on every ones mind's.Revenue...

Vanadium Credit's

Revenue should be on every ones mind's.Revenue gives us certainty enabling execution of strategy and a balance sheet to smooth over the hard times. Boy we sure do know hard times but every drought ends at some point.Revenue is critical for internal growth while limiting dilution revenue becomes an important milestone.

Once the mining license is approved I will be setting the clock at 3 o'clock for development and at 12 o'clock for production.For those unaware our CEO Allan Mulligan handed the batten to Trevor Benson taking up residence in Tanzania to over see and take charge of development at Lindi. A selfless decision to have the best men on the ground. "Not long now"

With the plant being built in a modern factory far better control and logistic night mares are abated while drop and bolt combined with GPS technology is breeze for modern installations to an accuracy of millimeters with rag bolts and assemblies already matched for hook up. These rag bolts could be in place many week's before the plant is shipped to site in protective containers .This will be a smooth transition with J/V venture experience and fully outsourced contract agreement.Contract engineering companies with a proven track record doing the work limit's our risk.

Moving forward IMO Walkabout Resource will move to capture the full advantage of current Vanadium prices. Noted with Organic growth in to known markets with certainty are we already there if we take note of the Father Ted video and Trevor Benson comment's.

If each off/take wants 40,000 TPA this gives 120,000 TPA. Another interesting part is if the mine is model to run at 16.3% TGC for life of mine it will deliver 155,000 Tonnes of high quality flake in the first year at 23.3% TGC at 3000 TPD of feed grade. This is using the same perimeters as detailed by management. Another uptick is the recovery rates were set at 85% and efficiency at 92% for 300 days. Recovery rates have also improved since modeling was done and 92% efficiency would be a conservative number IMO. "No weekend works"

While Vanadium could add another 50 million of revenue per year it would be coming from both the priority stock pile and reserve stock pile of 260 TPA and 300 TPA. With possible Vanadium credits it no longer makes sense to produce 40 TPA if end users require your product (40,000 TPA x 3) and prepared to pay a premium while giving us free access to the Vanadium content. Possible Heap leaching then required for Vanadium extraction.



Semi you may be able to add to this on subject of up front payments for delivery of concentrate.In the first year at 23.3% TGC there still could be another 35,000 Tonnes of concentrate to sell. Would love to see some data on current expandable prices as margin curve can only improve as supply tension takes hold.If management remodel the TGC average will drop off some but the economy of scale start to kick in.With out even increasing the current size of pit we still could run another 300 TPA thru plant with grades upto 8% TGC "If margin curve is King Walkabout Resource will be crowned King"

Croc