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exactly how MEGA is that Ophidian ?

Mokopane Main Layers + AB = Inferred 234 Million Tonnes at 0.51% V2O5
Main Layers (MAG3/PART/MAG4) 63.2 Million Tonnes at 1.32%

[Table 1-5 http://www.bushveldminerals.com/wp-content/uploads/2017/08/201602040458050.pdf]

This amounts to 2.028 Million Tonnes of V2O5, or as the yanks are so fond of putting it 4.46 Billion pounds. At, say a conservative 7$ per lb that works out at $31 Billion dollars worth

Indeed it was precisely a year ago that ninjamagic and I were at the Vametco mine where we discovered that the previous owners Evraz didn't believe that the mine could be made profitable purely on dug up ore alone. That is because 1) they were augmenting in ground ore with V Sl-a-g from Highveld and 2) they did not bother to monitor closely what they were actually digging up.

It is great to see that with proper geologist input and mining controls that BMN have not only achieve a profitable mine, but have smashed production records AND have reduced the production cost. Truly remarkable work !

"Just rejoice at that news and congratulate our financial managers and miners"

... are there any other formalities to deal with ?

No, I didn't think so.

ohh sammy don't be such a wet blanket

someone needs to tell them that the market size is 30,000 not 300. SImple programming error there.

clearly active today. Now I wonder why that might be

Indeed I'm not bothered about a few hours here or there. If you've done your research you know where this company is going.

vauch - why, they only started a month ago

Buzzzipster - exactly, as I wrote recently to a fund manager:-

"Bushveld on the other hand hugely benefitted from the spike in Vanadium prices and are now cashed up ready to take advantage of the weakness of Stina/Cellcube as well as using the opportunity to buy a second processing plant in South Africa (Vanchem) to add to their existing Vametco mine and processing plant. Bushveld now has a clear path to produce 10,000+ tonnes of Vanadium per year (10%+ of global demand) as well as a dedicated VRFB electrolyte plant being built as I write."

I make it 11 tonnes, 37 tonnes and 18 tonnes if you assume that the first two have duplicated entries. Still even that works out at around another $1M sales, for Vanchem this time.

Sanchez - I think they are working tirelessly

https://energystoragealliance.com.au/the-decade-of-utility-scale-batteries/#disqus_thread

"The battery technology that most believe will strongly develop over the next 2-3 years is the flow battery. "

golf cart that is

Hullabaloola - an interesting aside is that one of the very early demonstration projects by Maria-Skyllas-Kazacos , the inventor of the all Vanadium Flow Battery was actually a gold cart - see page 4 here:- http://www.paredox.com/foswiki/pub/Luichart/InternationalFlowBatteryForum/Electric_Vehicle_Applications_of_Flow_Batteries_-_Sir_John_Samuel.pdf

VV - it is my opinion that this is why the Tesla battery in Hornsdale has had to be 'upgraded' - it may not necessarily be the energy capacity fade that has caught them out but rather the power fade which will make it harder to respond with high power discharge quickly and without efficiency loss.

Vauxhall Viva - you ask some interesting questions. As this ( https://www.sciencedirect.com/science/article/pii/S030626191731190X ) article makes clear there is not just energy capacity degradation but also power degradation in Lithium-ion batteries.

"The estimated battery degradation (Fig. 7) shows that the battery resistance almost doubled (100% PF) over five years while in the same time 20% of the initial battery capacity was lost."

You are asking a slightly different question which is "is the electrical efficiency of the battery reducing with time also" - as section 1.3 states "The resulting physical effects are typically quantified by energy storage systems engineers using two metrics: capacity fade that affects the amount of capacity a battery can hold and power fade, which is the increase in the internal resistance or impedance of the cell and limits the power capability of the system and decreases the efficiency of the battery. "

The 100% increase in battery resistance (presumably a doubling of battery resistance) is therefore likely to lead to additional electrical efficiency loss, precisely how much is hard to say as there are probably other mechanisms that contribute to loss of efficiency and so it may not quite be a doubling in the energy lost per kWh of charge-discharge cycle.

sorry I meant was the involvement of NDB a new piece of the jigsaw or did we know that before - BBN may be able to comment...

Is that a new development ?

Mikinaman, it depends on what the situation is then. If there is an offer to take over the company then the MMs might take a million pounds off your hands in one go, however if not then I suspect you will have to do it in smaller amounts.

For the record I am expecting an offer to be made for the company at some point. What Fortune and Mikhail are building is just too valuable. This is why all the i's have to be dotted and t's crossed properly now.