Record of decision obtained for Gibellini vanadium mine in US
The internal rate of return (IRR) has been estimated at 50.8% and the net present value (NPV) at $338.3m, with a payback period of 1.72 years. The average mine life is expected to be 13.5 years. Nevada Vanadium president and CEO Ron Espell said: "The issuance of the Gibellini ROD is a significant milestone for the project.