"Looking at the FNC website info the past assays show around .18% vanadium. Is this significant and valuable along with the massive 42% iron and 11% titanium which hardly gets a mention except from a few posters here."

So (just to illustrate) in terms of relative Magpie in-situ valuation calculated from the latest commodity pricing from Argex's presentation:

Total value: 100%
Fe - 12.5% (iron)
Ti - 82.5% (titanium oxides)
V - 5% (vanadium oxides)

This is probably the reasons why Argex' PEA for now only seems to focus on Ti (but the Fe and V credits are there).