The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks Nick I have never questioned Yellow dragons investor roll here the investment was used by our management to good effect but there is an air of mystery which has not been declared as far as I have found.
Just my opinion BS
Does anybody have a handle on what ballpark selling price/ margin could be expected (per tonne of ore) to be generated from a V off take agreement from Mokopane in the current market?
@Ophidian - understood. Thank you for the confirmation.
@nick26 - yes I know for a fact that Yellow Dragon are not connected to China.
I am not at liberty to divulge what I know - sorry
Ophidian
@Ophidian - there have been a number of articles printed that have referred to Yellow Dragon being connected to China. Do we know for a fact that there is no connection?
Bushveld brings in China's Yellow Dragon to help fund Vametco buy from Evraz
Author Ben Seeder
Theme Metals
Diversified miner Bushveld Minerals Ltd. said June 3 it will partner with Chinese private investment firm, Yellow Dragon, on its proposed of a 78.8% stake in Strategic Minerals Corp., the South African company that owns the Vametco vanadium mine and plant.
@BorderSpirit - https://www.afr.com/business/mining/how-china-will-rule-the-next-industrial-revolution-20190515-p51ngs
Every time this board considers aspects of the business and its revenue streams it seems there are becoming so many ways this business can convert its assets into solid revenue, the picture becomes stronger. It makes you think that the RNS for the Mokopane license completion and the results of the definitive feasibility study ("DFS") to mine the Mokopane site is going to liberate so much potential. There is every reason to think that the Mokopane Mine could long term bring over $200 to $250 million per annum profit on its own!
Just as a reminder:
"Mokopane is one of the world's largest primary vanadium resources, with a 298 Mt JORC compliant resource and a weighted average V2O5 grade of 1.75 per cent in magnetite (1.41 per cent in-situ). The Mokopane deposit is a layered orebody along a 5.5 km north-south strike at a dip of between 18 degrees and 22 degrees west. The project comprises three adjacent and parallel magnetite layers namely the Main Magnetite Layer ("MML"), the MML Hanging Wall ("MML-HW") layer and the AB Zone. 298 Mt (JORC) resources and reserves run across three parallel overlying magnetite layers with grades ranging from 1.6 per cent to over 2 per cent V2O5 as follows:
§ MML: 52 Mt @ 1.48 per cent V2O5 (1.75 per cent V2O5 in magnetite);
§ MML-HW & Parting: 233 Mt @ 0.8 per cent V2O5 (1.5-1.6 per cent V2O5 in magnetite); and
§ AB Zone: 12 Mt @ 0.7 per cent V2O5 (greater than 2 per cent V2O5 in magnetite).
The mining right allows for the extraction of several other minerals over the entire Mokopane project resource area, including, titanium, phosphate, platinum group metals, gold, cobalt, copper, nickel and chrome."
From the 21st October 2019 RNS
yep that makes sense Ophidian
Can I ask where you read the article as I remember many years ago Fortune denied any connection with China
@nick26 - only problem..... it's wrong...…...Yellow Dragon are not Chinese
Ophidian
I would guess Ironveld.
Also whilst talking about China off takes I remembered an article I read earlier this year referencing BMN and the supply of Vanadium to feed its demand for electrolyte. See below
China is also seeking to expand its dominant market position in vanadium and graphite, securing additional supplies and building integrated supply chains. Vanadium is a transition metal that is used in flow batteries, superconducting magnets, and high-strength alloys for jet engines and high-speed aircraft. Chinese firms already produce 56 per cent of the world’s vanadium domestically, and China is home to 48 per cent of the world’s reserves. Now, they are targeting South Africa, ranked third in vanadium production and reserves behind China and Russia.
In 2015, Hong Kong-based International Resources , a company whose ownership is opaque, executed a takeover of a big vanadium mine from Russia’s Evraz Highveld Steel and Vanadium, which was facing bankruptcy. In 2016, China’s Yellow Dragon Holdings co-invested with Bushveld Minerals, the primary vanadium developer in South Africa’s massive Bushveld Complex, to acquire Strategic Minerals, which owned the Vametco vanadium mine and plant. Yellow Dragon subsequently increased its investment in Bushveld Minerals and has become the fifth-largest shareholder.
The holdings deepen China’s influence over South Africa’s vanadium resources and its role in the country’s emerging high-tech sector. Bushveld Minerals is moving to develop an integrated platform to produce vanadium redox flow batteries for distributed energy across South Africa. The vanadium resources will also flow toward China, feeding its battery industry and the National Development and Reform Commission’s planned rollout of 100-megawatt stationary energy storage stations to manage its wind and solar energy.
It's behind a pay wall, I can access and copy the header, but access to the report is Golden VIP members only.
That's why I'm none the wiser who it is.
Link not working for me LS
Actually - it would be much better the other way around - MagSep and sell an Iron ore concentrate, let them smelt it and then send us back a very rich (20-25% possible) Vanadium SIag.
Ophidian
There's a South African company offering to supply iron ore containing titanium and vanadium,
advertising on ferroalloynet. I wonder who that is?
Supply South Africa Iron Ore containing Titanium & Vanadium
Fri, 22 Nov 2019 03:38:00 GMT
Our company can supply Iron Ore containing Titanium Vanadium : *. Iron Ore with high Vanadium Fe ** %, TiO* **%, V*** *.**% *. Iron Ore with high Titanium Fe **%, TiO* **%, V*O* *.**% Quantities of *...
http://www.ferroalloynet.com/trade/supply_south_africa
Wow Alfa if that is correct then it does get interesting
those interested can see the details of the Mokopane resource on page 16 of the PFS here:- https://www.thebushveldperspective.com/slides/slide/mokopane-pfs-jan-2016-27
...or maybe we'll just crush and magnetically purify it and sell it to them with the Vanadium still in it.
Kevkan - presumably we are not going to be given them anything until it has had the vanadium taken out - this means that it would have been magnetically separated so is likely to be very much higher than the 57% concentration that Ophidian quotes for the Fe2O3 contained within the 63.2Million Tonnes of the Indicated resources
Ophidian
Looking at Peterfals comment re what the Chinese are looking for in terms of concentration ie 65/66% were does that fall in terms of average concentrate globally or is it far more complicated than that
Mokopanae iron is 57.6% concentration
Ophidian
I was invested here back then and have also wondered about this. The unknown factor (unless any one knows) is that we, (holders), do not appear to have been given info on the purity levels of the ore. From what I have read elswhere, the Chinese are looking at high purity levels, circa 65-66% due to pollution issues. Having said that, they did show an interest even up to MOU level if I recall. I believe the Chinese have recently offered 14 billion for the Simandou prospect, but it is enormous and circa 65% purity.
Be nice as a spin off though cos I think we have approx 884 million tons of the stuff.
The good old days eh!! And then Fortune says "guess what guys, we also found some vanadium"