Member Info for Alfacomp

Of course not Sanchez it is always possible to improve any company presentation. That is not the same as asserting that if this is done the share price will change at all. I agree that Investor relations and promotional activity are entirely different things and also that there is nothing to stop Vanitec continuing to use Lifa communications whilst a higher profile global entity may be tasked with promoting the Bushveld Group.

Sanchez - as gambit can attest getting any kind of concerted VRFB marketing action out of dozens of Vanadium producers, explorers and VRFB manufacturers is something of a triumph. We had numerous meetings where it was clear that the extremely wide range of views and opinions about what was best to do could have lead to permanent stasis.

As someone who has seen that effort at close hand I would like to congratulate Lifa communications for being able to assist Mikhail guide the Vanitec ESC to ANY coherent VRFB promotional activity. (The words 'cats' and 'herd' springs to mind.)

Of course there are those here who think that a great prospect such as BMN deserves even greater promotion so that we can take our rightful place alongside those paragons of recognised stock market virtue such as SXX, EUA and FVR. As one who has also spent a lot of time analysing the daily trading patterns on this share I do not think that it is the only thing that will change the current SP dynamics - there are many hidden variables.

depends how much V is in it, plus what sort of ore it is and whether there's any efficient way to get the V out. If you look at the details Fangchenggang clearly are committed to building a VTM processing plant as that will also allow them to extract Titanium products - hence our VTM ore would be more than interesting to them.

Chengdu is not, as far as I know a VRFB only facility. Perhaps the 400MWh large scale battery mentioned is VRFB but I don't think that the exceptionally ambitious figure of 200GWh relates to VRFB modules. Even the 40 GWh per year mentioned seems incorrect - this is likely batteries for electric vehicles.

Fangchenggang has no ore and is on the coast, precisely so that it can import the stuff.

fara - I think we have to accept that Covid has knocked everyone back 9-12 months this year. After all you don't want to list on the market at the wrong time and end up falling by 80% like some of the Vanadium explorer minnows have done in the last couple of years.

is going to be needed to supply these energy storage parks ?

http://en.cnesa.org/latest-news/2019/11/1/a-look-at-chinas-energy-storage-industrial-parks

everything panning out very nicely.

https://www.forbes.com/sites/rrapier/2020/10/24/why-vanadium-flow-batteries-may-be-the-future-of-utility-scale-energy-storage/amp/

Floyd - unit HW1 is one block along from the one that has always been the preferred one for the BE electrolyte plant

Still with a guide price of roughly 4x where we currently are they may have concluded that the market needs to wake up a bit more to what is going on with Bushveld before they start coming out with lots of updates.

directors talk

https://www.*************.net/bmo-capital-markets-reaffirms-outperform-rating-for-bushveld-minerals/

BMO capital markets have strong representation in the global metals sector - for the last 29 years they have hosted the Global Metals and Mining Conference, held in Florida earlier this year.

Bushmaster - do any of those renewables generation sources look like they are being coupled with some of the Eskom BESS projects listed here:- https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-eskom-battery-mandate-2018-339

as central in the VRFB industry

https://www.prnewswire.com/news-releases/the-major-redox-flow-battery-chemistries-an-idtechex-overview-301154777.html

"According to the investigation conducted by IDTechEx, it was clear that some mining companies themself (sic) are interested in the VRFB technology. This is the case for the South African mining company Bushveld Minerals. Bushveld Minerals is in fact, actively promoting the adoption of vanadium flow battery all over Africa. Outside of the African countries, Bushveld backed the merge between two VRFBs manufacturers (the English redT and the American Avalon Battery), and in 2019 announced to acquired a consistent share of Enerox-CellCube, previously known as Gildemeister AG."

So the energy storage industry is now starting to get it, how many years does that put it behind us on this board ? Approximately 2 years I would say. Remember this fact when making demands for the SP to rise tomorrow or the next day. It may not be now or tomorrow, but it will come, and it will be less than 2 years.

No bassguy there are not the deposits in China. This was precisely the question I had in the back of my mind when I spent 2 days of my time visiting the Vanitec meeting in July 2017. I went there to ask the assembled world experts what the impact of Fangchenggang might be.

This is the answer that I obtained in relation to Fangchenggang:-

"They tried to put up an industrial park in Dalian but the regional government wouldn’t give them the money or land. So they went to Fangcheng where apparently they are desperate for some economic activity.

Anyway they have no resources only developing technology for processing the VTM ore at this time. They will be more than 1,000 Km through the mountains to the nearest VTM deposit."

If they had good VTM deposits in China they would already be utilising them, not struggling on with much lower quality, high cost Black Shale/ Stone Coal deposits like they had to in 2018. I might remind everyone that China is now a nett importer of Vanadium.

China will make sure that they don't get screwed by Glencore speculators again.

This time they will get offtakes in place first.

Where have our sales recently increased by 600% ?

Sanchez and Mogwhy - thanks for spotting this as I believe that it is yet another part of the VRFB jigsaw that is slotting into place. Let me explain.

As the names suggest the Dalian 800MWh battery is located not far from the Dalian Rongke Power (founded by the Dalian Institute of Chemical Technology) manufacturing facility - as the crow flies they are only about 40km apart.

Over the last year the question naturally arose in my mind as to who is manufacturing the two 200MW/1GWh batteries that are slated for Jiangsu province, just north of Shanghai. As a recap these were mentioned in my report from the 2019 International Flow Battery Forum held in Lyon. These were quoted as one VRFB for 200MW/1 GWh for Offshore wind power integration and a second 200MW/1GWh for coupling to the TianWan nuclear power station - so quite different and both very interesting applications - one a renewables integration project, the other a nuke flexibility system.

Now this is where the new information starts to get interesting - you see Chaohu is in Hefei province, which is right next door to Jiangsu province and as the crow flies the production facility may be no more than 200km from the first potential VRFB battery site that I have identified near Rudong.

It looks likely to me that the Chinese government are clearly using their VRFB megaprojects to help kickstart multiple different VRFB manufacturing plants and companies across the country, thereby diversifying their production base. This does not look a foolhardy plan, this looks like a massively clear vote of confidence in VRFB technology because you do not build 3x 1GWh factories if you just want to use each factory once. You do it because you want to have an annual VRFB production capacity of upwards 3GWh.

The era of VRFB gigafactories is upon us.

Market growing at 58% per annum.

Any faster and you would have to give it an R-number.

FB - thanks for explaining all the legal detail in this, great to have your expertise at our disposal.