At the moment it's Vanadium Pentoxide, may I also state, no mining, above ground and an extraordinary high grade for an institu product that can be recovered in the Zn Pb process. Those RNS prices are correct. Yes all appears too good to be true, but to dissapoint all Jeremy was wetting his pants at the AGM, it just all fell out for us. Wonder why 666,666 topped up at 7p.
You are very right bringmyreward. We will fly past 27p as soon as the plant is up and running. BMR will break the pound door down soon enough. Anybody who does not agree with that needs to get a reality check IMO.
It is interesting to note that if you look back at our January RNS regarding Vanadium that both the WPT and ISFS V grades are historically higher than those owned by Bushveld which owns some of the "best in-situ vanadium grades in the world."
Rosewell now that you have mentioned RED id suggest BMN (bushveld minerals) - a vanadium miner who has one of the worlds largest and highest concentration of vanadium and very soon to be a vanadium processor (finishing stages of buying Vametco processor from Evraz).
In addition they have formed a subsidiary called Bushveld energy who have a MoU with UET (an american competitor of RED).
For a like for like mcap- there is no denying in my humble opinion where larger gains will be made as not only do BMN have a humongous vanadium resource they have a tin resource and recently entered into a MoU with VBKom to fund the tin development (currently in due diligence).
The final aspect and what BMN initially started of as solely is the iron resource of just under 1billion tonnes with tiranium credits - this is covered not by waste but by a phosphate rich resource that further sweetens the financials of mining the underlying iron- however the collapse of iron prices (now rising) has meant this took a back seat.
I personally have an even split between bmr and bmn. Apologies for the OT guys- i wont be mentioning this again as BMR truly have an exciting 6-9 months ahead of them.
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