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Afternoon all, todays Vanadium prices :-
Fev80 - China U$ 28.00/kg Europe U$ 27.50/kg
98% V2O5 flake - China U$ 6.30/lb Europe U$ 6.35/lb.
Oh and thanks for the operating cost figures . Very assuring figures and shows why this is such a low cost producer
Normally these can increase by 10% on BFS I find but even so this is only a tiny increase if there is
Hi Redroy
Yes Visual progress updates are a very good idea. To be honest I have not tried to email the Co.
Is there any house broker or communication PR contact who can help .?
I will have a search around too
Morning Hazbeen,
You are correct in that at $5/lb Vanadium we can still make a good profit as the forecast Phase1 Balausa operating cost is stated as $2.61/lb, with stage 2 dropping to $2.22/lb ( without any co-product credits ). However to achieve the Vanadium purity required may need some plant mods., to reduce the levels of unwanted impurities such as silicates, but we already have patented technology to do this from looking at the Competent Persons report on the website. With regards to the pilot ramp up financing, on the Crux interview Nick stated that we still need $1.5 million for the 110kv connection and another $2 million for the FerroV furnace. Part/all of this may well be by Equity raise, but I think he inferred that this might come from different options -we'll wait and see. As an aside, have you or anyone else tried emailing the address on the website? I have tried several times with no success. I wanted to suggest that they put a photo gallery on the website during the ramp up/Balausa development, as one criticisms during the Crux interview was that investors Knew very little about the Company or the Country. This and a more up to date website might help get better awareness.
Morning Redroy
Listening to Crux interview again .
So VRFB is not be ruled out for selling into the future , just primarily market
Will be steel . By the time the Co produces 1m+ tinned on V205 I it probably also selling to VRFB
as I expect VRFB will have taken off in a bigger way by then . So even at say selling at $5 , they can still make money
As Co has the volume to supply them and supply steel
This is how I see it
Morning Hazbeen,
totally agree with your sentiments re FeV. I didn't know about sulphur usage, thanks for the info.
When vanadium is priced above say $10 or higher VRFB producers use sulphur instead which is cheaper to use .
Read an article but to find the link
This is why vanadium needs to be stable around single digits to be preferred constituent .
But as ferrovandium is their primary ususge to sell into then I guess higher prices the better
Evening Hazbeen, you re correct that NB indicated in his Crux interview, that our priority now is the ramp up of the "Pilot production " to 1500 tons per year. However he did also point out, that during discussions with Storage Battery producers, that they indicated they required Electrolyte Vanadium pricing around $5/lb to be competitive in the developing energy storage market. He also stated that given our very low production costs (presentation on website), we would still be able to produce even at these lower levels, and would be something to be considered at a future date. For now the bigger revenues will come from Ferrovanadium, hence the inclusion of a furnace in the ramp-up.
Hi Redroy,
Buy and hold for bigger returns for me.
With regards to VRFB, it does not look like this is the short term driver here for the Co. Maybe further down the in a coupl eof years. for VRFB to viable and competitive Vandium needs to be between $6-10, otherwise alternatives becomes the cheaper option.
Morning all,
For anyone interested I have included a link to " Vanadium Miners" monthly report for January. The development of Vanadium Redox Flow Batteries ( VRFB ), will require significant quantities of Vanadium Electrolyte, which in the future we would be able to produce the required " purer" grades of powdered V2O5, using our patented Adsorption Technology. In the recent Crux interview NB indicated that the Company's main aims are to develop V2O5 and Ferrovanadium production, but that did not preclude us from entering the Battery Electrolyte market in due course. Our cost structures are low enough to make it economically possible, Happy days ahead as far as I can see.
https://seekingalpha.com/article/4320150-vanadium-miners-news-for-month-of-january-2020
Hopefully we will see the price of vanadium increase next year and subsequently the share price.