Member Info for Alfacomp

SoTRR - I don't think they want to necessarily look at digging up the magnetite and transporting it separately when you have Vanadium to deal with which is perhaps 7 times more valuable to you, at least until Iron ore is 100 USD/Tonne However - if you have a customer, say in China, who wishes to buy Iron ore and Vanadium concentrate, then why not also sell them Iron ore. I'm only mentioning it because in the 2017 Annual report FM explicitly stated on page 7:- Furthermore, the Company will explore opportunities for supplying unprocessed ore or concentrate to vanadium-processing facilities around the world that are starved of vanadium feedstock. Actually the iron ore/ phosphate and Vanadium projects are in different places - the iron ore and phosphate are in the PQ deposit area whilst the vanadium strikes rise to the surface further to the east - see here:- https://www.thebushveldperspective.com/blog/public-blog-1/post/mokopane-vanadium-drilling-to-2016-pfs-225 Thus the Iron ore resource previous stated does not include a single kg of the waste magnetite that would potentially be dug up whilst Vanadium was being mined. It is an entirely independent thing. Whether the iron in the magnetite can be usefully recovered from the Vanadium processing, separation and salt roast process is not immediately clear to me. Perhaps others may wish to dig into this possibility.

Tyfoon - a very good video - remind me what we were going to be doing with all the magnetite that was going to be dug up at Mokopane - oh yes, in the 2016 PFS it was simply ignored. However the 2017 Annual report describes the iron and titanium potential for Mokopane quite clearly:- Iron: 939 Mt at 31% Fe Titanium Dioxide: 939 Mt at 14% TiO2 Is this a lot of Iron, or not a lot. Iron ore is quoted as around 65 USD/Tonne though it has been as high as 160 USD/Tonne in the last 5 years. At a price of USD 65/Tonne, 939 Mt at 31% would in principle be worth 18.9 Billion USD This compares with Mokopane's Vanadium (297 Mt at 0.68% = 2,028 kiloTonnes of contained Vanadium) - at 70,000 USD per Tonne of Vanadium this would in principle be worth 140 Billion USD. So an extra 19 Billion dollars of value may seem like only a small increment to our Vanadium resource. Where else are you going to find 19 Billion dollars described as a small increment ?

1210 - thanks for pointing these videos out - I have added the first one to the Library at TBP https://www.thebushveldperspective.com/slides/slide/presentation-bushveld-minerals-121-mining-investment-cape-town-2018-57

Comment posted on the article about their complete lack of understanding of economics of flow batteries.

brasi - exactly, so if you want to gamble you can simply try and predict when FM will throw out some amazing news. Or you could simply sit tight knowing that you are sitting on a share that will be going up by a factor of 5 in the next year or so.

100% agree with Sanchez - thanks to you also FB for your unrelenting purchasing. It is clear that the Market Makers only deign to put the SP when the have sufficient fear that they will not be able to meet the demand for shares from buyers. Fatbankers repeated clear signs of buying have clearly helped to stimulate others to follow, and thus the critical buying momentum has been reached and propelled the SP upward during the periods of rerating. Does anyone else wish to follow his lead and nominate a buying block size that they will be using in future. It very much helps with the analysis, plus gives clear signals of who is buying.

Martyboy - whilst you are correct in asserting that Vametco would have generated the same amount of cash in that time the key point is that whilst there exists the multilayer structure, despite BMN controlling Vametco, it cannot simply go to the bank and draw out Vametco cash - this has to be redistributed via dividends at the end of the financial year. This is why they had to raise money separately via a placing to unlock a more direct route to Vametco revenues. The hypothesis that recent falls in SP are due to a placee selling are not backed up by an evidence so it is just a hypothesis like any other - eg "PI's selling after reaching their target price in the last rerate" so we cannot say anything either way about the reasons for the drop from 24p, apart from to note that it is not unusual, in fact it is pretty much the standard behaviour on almost all markets to have a period of consolidation after a period of significant upwards momentum. What happens next is then driven by fundamentals - should they be positive, as will undoubtedly shown to be the case then that will kick off another rerate and we will climb the next tread on the stairway to 1BN market cap.

10,300 posts and he has not worked that one out yet - highly suspicious

Good stuff though they should put this on Youtube as well

I don't think the chinese government works like that though. After all they are the ones that are helping to put the Vanadium price up with all their environmental inspections. if you ask me if you wanted to kill off VRFB outside of china that is exactly what you would do. Also you would make sure that Chinese steel importers and Vanadium reprocessors could not import Vanadium SL-a-g from outside their country so as to built up your own internal primary sources of Vanadium. To understand chinese actions you have to learn to think like them.

No but then according to the idiot who need not be named I and Hemwingy are one and the same !

Paludina, well pointed out - there may be those new to this board that were not aware that you have been patiently cataloging every single shipment that Vametco sends to the United States:- https://www.thebushveldperspective.com/blog/public-blog-1/post/nitrovan-shipments-to-the-us-183 Amazing Job !

knuttie - to be honest I think the Nitrovan premium should increase with time as more people realise that it is a more cost effective way of using Vanadium to strengthen their steel than old-fashioned-we've-always-done-it-this-way Ferrovanadium. Even at 25% premium Nitrovan would be cheaper than FeV for the same strength

swanseayellow - everything is already out there in the public domain - eg read 'The Switch' by Brit, chris goodall.

Swanseayellow - of course hydrogen cars are electric inside, they use a fuel cell to convert Hydrogen and oxygen in the air directly to electricity without suffering the typical thermodynamic Carnot loss that you would do if you simply burnt the hydrogen and used the heat to run a heat engine that generated electrical power. The only difference is how the energy is transferred from renewable energy plant to electric vehicle 1) all electric - energy transferred via electrons along copper wires from batteries in grid to batteries in car 2) hydrogen - highest energy density of any transferrable fuel - RE is used to split water into hydrogen and oxygen, only the hydrogen is trucked about the place. Quite a lot of infrastructure to change to do that. 3) hydrocarbons - RE is used to split water into hydrogen and oxygen, some sort of further process (possibly biological) is used to capture CO2 from the air and combine with with hydrogen/Oxygen to generate a hydrocarbon (eg ethanol) that can more easily be transported about the place and dumped into Internal combustion engines If you cannot get the RE side of the equation sorted out then having electric cars or not make zero difference to greenhouse emmissions. For what it is worth I don't think option 3 has been fully explored - why, because it doesn't give loud mouthed entrepreneurs like Elon Musk the chance to sell big shiny things.

This quote from that article says it all:- “Now we hold no stocks of raw material vanadium pentoxide with no spot supply in the market. With tight supply of raw material and ferrovanadium, we are in no hurry to accept orders temporarily and just supply goods to regular customers with long-term cooperation” In case anyone is sitting on the sidelines - Vanadium is the thing that we, and only 2 other places outside of china, mine. If you have not seen the classic film Gilda you should now - it reveals what men will do to get their hands on a critical industrial metal (tungsten there).

The military have been using VRFBs for years - google the GATOR mine system

Sorry not a peterhouse boy,but the big one if you must know.

LJ - you get one guess

Anyone selling at the moment is gambling that that news will not happen in the next few days. You may be able to play russian roulette for a bit but eventually you will lose out.