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Yep Brits could be another 400+ kilotons of contained Vanadium - so only 5 times the size and twice the grade of the Carlin Vanadium that was being discussed earlier on. At soon as any interesting news shows up this is going to race up past 30p.

The important thing is that this is without anything else but Vametco Without Mokopane (2,028 kT of contained Vanadium vs Vametco's 899 kT) Without Imaloto Without anything for the c. 20% that BMN owns of Afritin Without anything for Bushveld Energy, which Mikhail says is planned to make more money than the mining side of the business. Can there be another stock anywhere on any of the London markets which is anywhere near as good a prospect as this one. The SP can easily go up another factor of 10 from here, and possibly 20.

somtam - in terms or resource size its about the same as Vametco, but they do not have a mine or processing plant, or many years of production at wildly high Vanadium prices before any new production can even even.

Yep AVL up 15% since the start of the week - a fair reflection in what is happening with Vanadium prices right now.

Faramog - interesting to see that the plans for the processing plant are quite so advanced now and that production price points for phase 1 and phase 2 production have been laid out quite so clearly. To be able to enter production quite so quickly with lower than average (phase 1) production costs and then to be able to get straight to sub-lowest quartile (phase 2) processing costs seems really quite remarkable. This would appear to be a reflection of a good quality resource. This seems to conflict with the Wikipedia article that claims that Uis has been historically said to be 'low grade' resource. It may of course be that the previous quoted resources may have included too much additional lower grade ore that you would never choose to mine. Newer computer mapping and modelling techniques do seem to be able to allow miners to pick and choose more carefully what they choose to dig up and what to leave - it seems specifically that the geology of Uis is appropriate for this with the best ore being located in greisened zones in the scattered pegmatite bodies.

Cindercone - I had a look at that article which was promoted by cornerstone metals viz their Carlin Vanadium project. Their resource is quoted as 289 Million pounds of contained V2O5 at 0.3% grade. Sounds a lot right ? - how does this compare to Vametco. Firstly we need to convert to contained Vanadium so that is 0.56 * 289 MegaLb as 44% of V2O5's weight is Oxygen = 162 MegaLb contained Vanadium. Then we need to convert into proper (SI) units 162 Million Lbs = 73.6 Million Kg, or 73,600 Tonnes (73.6 kT) Vametco is 862 kT at 0.62% grade - so the Carlin resource is about 8% of the size of Vametco and less than half the grade. Draw your own conclusions.

strongly now according to Metal Bulletin :- FeV now 71.40-73.0 USD/KgV V2O5 now 15.5-16.15 USD/Lb both prices quoted in europe. In the US the price for FeV is even higher - it is quoted as 33.75-34.5 USD/LbV - that equates to 74.25 - 75.9 USD/KgV

Maybe the Donald will be able to pull of a great deal, the greatest deal, and get their Vanadium from his new freedom loving friend in North Korea.

AM - yep a good article - one of the most overlooked comparisons between Li-ion and VRFBs is summarised in the following quote from the article:- “If the warranty [on a lithium battery] says you can go between 20% and 80% state of charge, you’re not using 40% of your battery. Well, okay, isn’t that 40% more expensive – to buy 40% you’re not using? That’s even before we get to the issue of degradation and lifetime of lithium cells.”

A bed and ISA perhaps ?

Jetstar and Kev, we are of course technically all amateurs here, as we are not paid to do this. Evidently being paid doesn't guarantee that people do their research either (see brasi's posts earlier in the week.) What kev was getting at is amateur behaviour - namely not doing proper research and simply treating investing without the seriousness it deserves. Hopefully this board and the resources available at http://www.thebushveldperspective.com means that nobody can use the excuse that it was too hard to do proper research on BMN.

very interesting SoTRR - and thanks for the drop in SP guys - it allowed me to buy another 700K shares at low prices. When will people learn that you cannot make money on shares if you sell them in situations like this, where there is not even a suggestion of bad news ?

SOTRR - that's what happens if you have shareholders who do not bother to read the RNS's

Jamiejojo - it depends upon what timescale you bother measuring over - in 3 months we are up 150%

The March 26 RNS details 3 areas where the money will be spent :- 1) Pay off atlas 2) Simplify corporate structure and finally, in full: 3) Support Bushveld's vanadium expansion programme: Expansion of the vanadium reserves and resources at the Vametco mine and Brits Project for future production and support Vametco's expansion plans to increase production to more than 5,000mtV and beyond (US$5.6m) (£4.0 million). Clearly BMN needs to spend on Brits exploration/resource definition as it is BMN that owns Brits. I think that you must read it as:- the Brits effort is the beneficiary of the full USD 5.6M, and that this effort is in general in 'support of Vametco's expansion plans. I don't think that any of this money is actually going to increase the processing capacity at Vametco itself - those costs can and should be borne by Vametco, and as you say shared pro-rata amongst the partners. I think that one can draw a clear distinction between what goes on on the West side of the Vametco/Brits fence (Vametco) and on the East side (BMN Brits).

Loudspeaker - looks like those prices will be exceeded in the next 2 weeks. That will kick off another round of interest in Vanadium, all good news.

SOTRR - Vametco is making millions per calendar month - it is just that with the complex structure of Vametco, ( https://www.thebushveldperspective.com/slides/slide/bushveld-minerals-junior-indaba-presentation-54 slide no 33 ) there are multiple different companies which any dividends would have to flow through before BMN could access those profits. I suspect but would welcome clarification that those distributions would have to wait until the end all the relevant accounting periods. The fund raise is precisely to assist with accessing those profits more directly :- "The capital raise will allow us to improve our capital and corporate structure and enhance the Company's proximity to its underlying cash generating assets as we continue to develop our growth opportunities." (Mar 26 2018 RNS)

Loudspeaker - have we exceeded previous recent highs for Vanadium price yet ?

Pdub, I will answer the questions you posed from my own personal perspective. 1) Why was I so lucky to discover BMN (first buy July 2014) ? I read this article ( http://www.theel1tetrader.com/2014/05/bushveld-minerals-high-impact-news.html ) on el1tetrader.com - at that point I had not found, and still have not found and independent share review site that was as high quality as the el1tetrader one. What impressed me about BMN right from the start was the world class Vanadium deposit that they have at Mokopane. Talk is cheap, AIM talk especially so, but quality lasts. 2) Why did I hang on to all my BMN shares (and add millions more) during the low SP days without losing faith ? I remembered the simple tenet favoured by Warren Buffet and his mentor Ben Graham - buy quality stocks when there is a significant margin of safety. At that point I had no idea just how irrational a low liquidity market such as AIM can be forced to become - my appreciation of this only came later following detailed analysis of the daily share trading patterns and Market Maker nett balance of trades after last years August 18th short selling. Put simply it matters not if 99.5% of shareholders think the SP should be £1 - this is not the X-factor and that 99.5% don't get a vote. If only 0.5% can be persuaded to part with their shares for 20p then the SP can sit at 20p. The 0.5% who are trading are the only ones allow to vote with their actions. It doesn't seem fair but it is how share markets work. Thank god it doesn't happen in the rest of the world - imagine what the world would be like if every house on your street could be instantly devalued simply because the feckless horse-fancier at no 29 needs to sell today to pay off his betting debts. 3) Is there any other company on AIM that has already delivered for its shareholders yes maybe ASOS - but no they do not have anywhere near such a positive future ahead of them. 4) WIll I make so much money here that I may struggle to spend it all ? We shall see, I am in no rush to start spending.

Pdub - indeed they appeared to try shorting on August the 18th, November the 10th and November the 20th last year The trading on these days were analysed in the following articles :- https://www.thebushveldperspective.com/blog/public-blog-1/post/18th-aug-2017-flash-short-context-198 https://www.thebushveldperspective.com/blog/public-blog-1/post/18th-aug-2017-flash-short-analysis-199 https://www.thebushveldperspective.com/blog/public-blog-1/post/10th-nov-flash-short-analysis-163 https://www.thebushveldperspective.com/blog/public-blog-1/post/20th-nov-2017-as-it-happened-159 The provide a useful and perhaps salutory introduction for investors new to some of the shenanigans of AIM. As you mentioned the influx of trolls to this board at the time were dealt with by the strong and well researched members of this board, helped without doubt by a good measure of share buying at the point that giveaway sale prices are on offer courtesy of any ill-advised short selling. The only defence is preparedness, and boy are we prepared this time.